Hey there! Yes, you! The one with all the cash poking out of your pockets.
Simple. By steering clear of them altogether.
Payday loans often require interest payments in the triple digits, and lawmakers in some states are actually trying to get rid of them altogether. Their reasoning? In many cases, there are no legal limits on how many personal payday loans a person can take out, leading to an aggressive debt cycle and increased predatory lending.
Divorce isn't a popular topic of discussion on most blogs, but we've experienced it ourselves and know our customers have too. Divorce not only can wreck havoc on your heart and your family, but it's also one of the leading causes of bad credit cases--often to a lot of people's sudden surprise.
In Part One of the series, we discussed the advantages of having current income in order to get approved for a car loan despite bad credit.
In Part I of our series, we'll visit one of the key ways you can improve your chances of getting a car with bad credit. This series is designed for anyone who's trying to finance a car with bad credit, or even first-time car buyers who haven't yet had time to build their credit.
Over Half of Americans Have Subprime Credit
Depending on which credit reporting source you use, your credit could look pretty good--or pretty bad.
Buying a used car is nerve wracking enough, but buying a used car when your credit is poor or suffering from an unexpected financial set-back, can be even more frustrating. Most banks and credit unions won't lend to you because you're considered too much of a financial risk, but without someone taking a chance on you, there's no way to rebuild your credit and your financial reputation.