Posts Tagged ‘bad credit auto loa’

Reasons For a High Rate On a Bad Credit Auto Loan

Friday, November 26th, 2010

It is a popular fact that the dealings of the lending industry are majorly based on the credit score of the applicant. If the credit score is high, then the chances of getting approved for a loan are easy and that too at a good and easy rate. However, if the credit score is low, then the applicant might have to go for a bad credit auto loan. The about bad credit auto loan facilities is that these are charged at a rate higher than that of the conventional loans which means that it is going to be more difficult to pay them back. There are number of reasons why lenders charge a high interest from applicants of a bad credit auto loan. Read More…