I want to know if and where I can get a bad credit loan?
As the title says I’m looking for a auto loan I’m not concerned whether it is a unsecured loan or a used car loan.I’m currently looking at a vehicle for 5k I have 2k cash to put down. My experian credit score is 586 equifax is 595 is this a possibility for such a low loan amount? And if so can anyone direct me to a loan company who will help me in my situation?
Lenders do not usually give auto loans for that amount. Also, banks and credit unions don’t usually finance those with bad credit. You have to go to a dealership or apply online with licensed dealers that do bad credit auto loans. They work with lenders that will finance bad credit auto loans, but most of these lenders only work with licensed dealers and don’t handle private bad credit loans.
Your only option if you really need a car is to apply through a dealer and spend more on a car. Or borrow from a friend or family member. Good luck.