Posted on 4/20/2017
You may have been late on a few bills, or life quite literally handed you lemons, and it all seems irrelevant now, until you go to purchase a new car. The only thing stopping you is a stellar credit history and the lack of funds. What’s a desperate person to do? While it may seem appealing to purchase a car from those on-the-corner-lots, the follow-up maintenance and repairs may be more expensive in the long run. Is purchasing a new vehicle with bad credit feasibly possible? Yes, but only if you do your homework first. Of course, signing for a new car won’t immediately grant you top-notch credit status, but it will re-establish your credit over time if you’re diligent on your payments. So how do you go about the process? You need to apply for and take out a loan. While the ‘sketchy ’dealership on the corner may be one alternative, beware that not all dealerships will report to the credit bureaus (which is what you need to re-establish your cr ... read more