0
How can dealerships afford to offer loans to people with bad credit when banks can not?
Add your answer:
Earn +20 pts
How can you get an auto loan if you have bad credit?
The easiest way to get an auto loan with bad credit is to look for car dealerships that specialize in bad credit financing. These dealerships work with banks that are prepared to help poor credit. Usually, these banks are more flexible with down payments and other requirements.
What causes bank failure?
banks that lent money to people with little or no credit and then those people cant afford what was purchased. then they file bankrupt. that's one way
Who looks at your credit score?
Banks, car dealerships and other people interested in loaning you money will refer to your credit score.Since the credit crunch of the early 2000s, there are a few parties who did not used to care about your credit score that are now interested, such as insurance companies and hiring jobs. Credit scores are becoming more and more important in today's world.
What banks offer bad credit home refinance?
Many banks will not offer home refinancing to people with bad credit because they are considered to be a high risk. People with bad credit will have to use a different resource, such as a service like US Loanz or Zillow.
What's the purpose of a credit report?
To help banks determine if people should be given a loan or credit card
How can you get an auto loan if you have bad credit?
The easiest way to get an auto loan with bad credit is to look for car dealerships that specialize in bad credit financing. These dealerships work with banks that are prepared to help poor credit. Usually, these banks are more flexible with down payments and other requirements.
What is an example of a reference?
Credit references can include people who have given a person credit or loans before, including banks and car dealerships. Credit companies may call these people to ensure that bills have been paid on time.
What causes bank failure?
banks that lent money to people with little or no credit and then those people cant afford what was purchased. then they file bankrupt. that's one way
What do car dealerships and leading institutions such as banks and credit unions use to determine the price of a used car?
blue book...
What do car dealerships and lending institutions such as banks and credit unions use to determine the price of a used car?
Blue Book
Who looks at your credit score?
Banks, car dealerships and other people interested in loaning you money will refer to your credit score.Since the credit crunch of the early 2000s, there are a few parties who did not used to care about your credit score that are now interested, such as insurance companies and hiring jobs. Credit scores are becoming more and more important in today's world.
What banks offer fair mortgage quotes for people with bad credit?
In these times it is hard to find banks that will offer mortgage quotes for people with bad credit. Try going to small local banks for this.
Why are major banks requesting credit forms to be filled out before applying for loans?
Banks will only lend money to people with good credit. All banks and lenders require credit information. They will then check with the credit services and find out if you've paid back people who lent you money in the past.
What is the best bank to apply for auto loans?
Large national banks and credit unions are excellent places to consider for credit. Often, dealerships will offer special financing terms, so be sure to also check with the dealer.
What is an example of a credit reference?
An example of a credit reference is a financial institution or lender that can provide information about your credit history and payment behavior to another party, such as a landlord or potential lender. This information helps the receiving party assess your creditworthiness and ability to repay debts.
Will a car dealership do a credit history check in order for me to buy a new car?
Most car dealerships will do a credit check before selling you a car because the banks who are doing the financing want to know who they are lending money to. In these financially unstable times there are a few car dealerships advertising that if you have a job you qualify for a car loan at their dealership.
What is purpose of credit report?
To help banks determine if people should be given a loan or credit card
