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Buying a car with bad credit — a credit score between 300 and 579 — is possible, but it may be more challenging and expensive. ... Once you’re prequalified with a few lenders, compare rates ...
You can buy a car with bad credit as long as you check review your credit score, learn about interest rates, make a budget and check your lender options.
Soft credit inquiries are typically used to provide you with prequalified credit card offers or to gather information that’s used more like a background check, and these kinds of inquiries do ...
In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
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