Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
Re: Should we loan with cps?
+1, most of the horror stories I have read were from people who paid late. One company that was talked bad about was Prestige Financial. But I had zero problems with them because I had my car payment on autopay and was never late. The key with subprime lenders is to get a car payment you can easily afford so that you will never be late. If you are late by just one day, I heard their collection tactics can be horrendous. So be sure to pay on time and keep savings in your savings account so that you can still pay them on time when an emergency comes up. You don't want to be late ever after BK as it could keep you from getting a mortgage or a prime CC when your score rebounds. So be a model citizen and doors will open up for you. Good luck!
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