Due to some unfortunate circumstances in life, you may have incurred bad credit. However, it shouldn’t interfere with your dream of owning a car. With luck and a bit of research, you can find suitable financing options for a car even if you carry bad credit (i.e., a poor credit score).
Learn about Credit Scores
Generally, your credit score is based on your credit history. Though there are a number of credit scoring calculators around, the one that matters the most to the market is the FICO credit score. The FICO credit score range runs between 300 and 850. Typically, a score amounting to less than 540 runs the risk of being denied an auto loan. On the other hand, a score of 740 or higher likely results in the best interest rate possible. Examine your score to determine where you fall in the spectrum so that you know what to expect from a bad credit car dealership. Read more from this blog: http://bit.ly/2uxQ08z