Wednesday, January 02, 2008

Bad Credit Auto Loans


People who use bad credit auto loans to get a car after experiencing financial problems also improve their credit score.
The more you pay on time on a loan, the better your credit will be. Credit reporting occurs at 30, 60 and 90 days--especially if you are late with a payment.
Being late with a payment is how consumers end up in a situation where they have to take bed credit auto loans. The interest is higher.
When I go to buy a car, I will probably have to obtain a bad credit auto loan. I hope the interest rates aren't too high.
The lower the interest rate the more car you can buy with the loan amount.
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