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Contributor
Posts: 82
Registered: ‎06-07-2007
0

Bad credit auto loan?

We have crawled out of one hole to get a mortgage 4 years ago only to have my husband laid off 2 weeks after we moved in. we are once again trying to rebuild our credit.  The local banks will not loan us money based on our scores.  Is there a car loan company that will give us a loan and help us rebuild our credit that is trustworthy?

 

Established Contributor
Posts: 839
Registered: ‎10-25-2011
0

Re: Bad credit auto loan?

carmax probably, but you will get really ripped off with the interest rate. You will end up paying more in interest over the life of the loan than the actual car price.

 

 

I'm a personal banker and do a lot of auto loans serving the Houston area.
I suggest first time car buyers to read the sticky guide in the auto loan section.
I try to check these forums often, but if I missed your post, please feel free to message me with a link to it.
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