Auto Financing For College Graduates With Bad Credit 5 Tips

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By Larry Donaldson

Graduating from college is an exciting time. It means you are facing the prospect of new career opportunities, new relationships, and maybe even a new place to live.

While in college, many students do not have the need to own their own car. That is because they live, work and play near campus. Many of them find plenty of ways to get around that don’t require the use of a car, such as on foot, by bus, and by bike.

Other college students do own cars while in school, but when they graduate they are ready to move up and into something a little bit fancier. (Or maybe just something that is highway-legal).

College Graduates And Auto Financing

Most college grads have a lot of new demands on their income and savings, including the need to secure and set up an apartment, buy new clothes for work, and spend money on dating or to support a new marriage. So, how do they afford a new or used car? Easy: financing.

In fact, grads are not alone in their need for financing: most people even into their 30s, 40s and beyond have to resort to auto financing rather than paying for a new car in full.

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The challenge that many college grads face in getting auto financing is that they do not have a very well-established personal credit history. This means that lenders just do not feel they have enough information about most grads to make a determination about whether they are credit-worthy.

And, the problem is even worse if you are a graduate with bad credit.

How Bad Credit Hurts Your Chances Of Getting Auto Financing?

The only thing worse than having no credit history is having bad credit. However, this is an increasingly-common problem for grads, since many of them apply for and use credit cards throughout college. (After all, who can say no to access to thousands of dollars in credit, especially when there is serious partying to be done? Not most grads, unfortunately).

You see, many graduates leave college with a load of credit card debt that they have trouble repaying. And yet, the need for a car remains. So, what to do?

Auto Financing For College Graduates With Bad Credit: 5 Tips

If you are a recent graduate with bad credit who needs to buy a car, here are 5 tips that can help:

1. Understand that your credit score is just one factor banks look at: Before getting too worried about how your credit score could hurt you, understand that it is just one factor that banks consider when you apply for a loan. Employment history, your college degree, and other factors that show you are a credit-worthy person can help.

2. Find a reasonably-priced car: For your first car out of school, get something that is reasonably-priced. Sure, you’d love your dream car right now, but it will still be there in 10 years. For now, choose something you like that also has a reasonable price tag. This will translate into a lower loan amount, which means better chances of getting approved.

3. Save up for your down payment: Anything you can do to increase the amount of your down payment will likewise reduce the amount borrowed – and make the banker want to say yes to your application.

4. Put together a list of bad credit lenders: Some lenders specialize in bad credit individuals. They have sophisticated risk models that take into account more than just your credit score. Be sure to put together a list of at least 5-10 bad credit lenders (more choices = better chance of getting a loan with a good interest rate).

5. Apply to at least 3 lenders: Once you have your list, do some research on each one and then apply to at least 3 – 5 of them. You will be tempted to take the first offer you get, but hold out for an offer with the lowest-possible interest rate: it could save you thousands over the life of the loan.

Follow these 5 tips to get the best-possible loan offer for your new car.

About the Author: Get a list of bad credit lenders with the best rates in your area at:

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Posted on April 22nd 2019 in Loan Agreements

Extremely Bad Credit? Loans Are Still Within Reach

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By Larry Donaldson

As you probably know by now, your credit score has a lot of power over your life. If your credit score is very high (say, over 700 or 750), you will be offered the lowest interest rates by banks and other lenders when you apply for a new auto loan, mortgage, or personal loan.

However, if you have a bad credit score (below 620), the opposite is true. You will be offered high-interest loans, regardless of to which lender you apply for a loan.

And, things can be even worse if you have extremely bad credit (a score under 550). If you are in this situation, it will likely be almost impossible to get a loan from most lenders. The only silver lining to this cloud is that you will be spared the high interest rates of a loan for someone with poor credit – since you will not have a loan! The bad news, however, is that you won’t get to borrow any money from most lenders.

If you do have extremely bad credit, loans can still be made available to you. There are, in fact, loans within your reach even if your FICO score is currently below 550. Here are the options available to you:

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1. Ask a family member or friend for a short-term loan: If you have extremely poor credit, you may want to consider asking a trusted family member or friend for a short-term loan.

Of course, borrowing from friends and family is not always possible. And, even when it is possible, it is not always advisable since it can result in hurt feelings or worse if the loan is not paid back in a timely manner. So, this option is not for everyone.

2. Find a way to raise your credit score in a short period of time: You may think this one sounds like a silly suggestion. After all, if you could raise your credit score quickly, you would not be in the current mess you are in now, right? But, think again. There are proven ways to raise one’s credit score by 50, 100 or more points in just a few months’ time. Once you come to really understand how your credit score is calculated and what factors are considered in determining your score, you will suddenly have the power to take quick and effective action to raise your score.

The only drawback to this option is that it can take 1-2 or more months to raise your score. This does not help if you absolutely need to get your loan today.

3. Contact a lender who specializes in extremely bad credit loans: If you have an immediate need for your loan but can’t borrow from someone you know, your best option is to find a lender who specializes in lending to people with extremely bad credit.

Similar to poor credit loans (described above), extremely bad credit loans will involve a high interest rate. But, if you are looking for a short-term loan that you will pay back quickly, that should not be a significant factor in your decision.

If you do decide to contact a lender who specializes in extremely bad credit loans, take the time to select the right lender. Make sure to compare at least 4-5 lenders before settling upon the best one.

About the Author: Get immediate access to resources that will help you to raise your credit score fast – as well as a current list of extremely bad-credit lenders – at:


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Posted on January 11th 2019 in Loan Agreements

Some Effective Ways To Fix My Credit Score

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By Tim H Lambert

A lot of people refute the reality that they are experiencing a terrible credit score. If you belong to this group, then it is time that you address the problem and fix my credit score before it becomes worse. Recognize your crisis by browsing your mail, account statements, and credit reports. If you perceive that you have never paid your dues for the last few months, then it’s time to wake up and make actions. If you distinguish that your interest rate is by now 20% to 30%, it is time to test out for yourself, admit the actuality that you have a bad credit dilemma and do something on it.

Demand for a print of your credit report coming from any reliable bureaus. Search for any inaccuracies in your credit report such as those in your account number, date of previous registration and the like. If you notice one or more faults, contact the bureau instantly and notify them your findings to fix my credit score. Pose them to hold an analysis regarding your case and repair the incongruities and corrections that must be done. Prevent yourself from spending too much on things that you do not really necessitate. Just buy the basics like water, rent, gas, and other household expenses.

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You may mull over that credit is this easy, but it definitely is not. How about having to pay all your bills on proper dates given, yet, there’s a load of debts to accomplish too. In response, how about if you can just make minimum payments every month? Afterwards, what if you fall under the identity burglary or the creditors from the bank made a fault and you cannot get the problem resolute? Rather compensate for your bills on or before their due date so as to bring back your good credit since you fix my credit score. You can always cooperate and speak to your lenders or creditors if you are experiencing a hard time in paying your debts. Maintaining a good communication with them is really vital so that you can work things out if something is compromised, and to make your cargo lighter.

Develop your credit by settling in your present work and house and paying for your dues on time. Think of it as a forecast; that your credit report is numeric and actually has nothing to do with something except for foreseeing if you will bond, pay late, or be at a good side and duly pay your bills to fix my credit score. After compensating for all your debits, you can now get a new credit card to institute a new and good credit. As your bill for the new card come, forfeit for it right away to begin a new and clean documentation.

These are all matters you need to face when going aboard on a fix my credit score report repair plan. You can actually do it by yourself, but there is extremely good Internet credit repair software you can try to that will fundamentally walk you throughout the course of fixing your credit. This is surely a powerful scheme that analyzes the complex ratios for your credit.

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Posted on June 22nd 2018 in Loan Agreements

Drive The Dream! The Ultimate Guide To Exotic Car Rental.

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By Ernest R. Peterson

Let’s face it guys; we’re not all going to be able to pay for a Ferrari or a Porsche. Despite this may be a sad fact to have to face up to, yet its there nonetheless. At times exotic cars are out of reach for all except for those who are affluent and even they occasionally have trouble keeping up with the payments and maintenance of a Bentley or a Lotus. Sure the allure is strong; simply imagine slipping into the leather cockpit of your Lamborghini and cruising around curves at hundred miles per hour with the wind in your hair and the sun on your face.

Sure you may have everything from your driving gloves to your sunglasses and your driver’s license, though the one thing you wish for is to have enough money for a Lamborghini. And then there’s the Camry or Taurus, which in spite everything just don’t have enough horsepower to take mountain roads at 100, and even though you could get it going that fast it would in all probability fly off the road due to its lousy suspension.

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Nevertheless what if you didn’t have the chance to own a Lamborghini or Lotus to be able to drive it around those hairpin turns? Well, nowadays we do have a great way to try out a luxury or high-powered sports car of our dreams, with exotic car rental we don’t have to sell our house or steal one from one of your yuppie friends. There are a number of can rental companies, mainly in wealthier areas, starting to specialize in exotic car rental. In fact even the regular airport car rental companies like Enterprise and Hertz are starting to rent out exotics or perhaps luxury cars along with the standard economy and touring cars.

For those who would like to try one out, you don’t need to fly out of town or go on a holiday, almost any special occasion will do. Maybe you want to knock the socks off your date or perhaps impress your wife on your anniversary. Yes, you can either show up at the door behind the wheel of a Lotus Espirit or a Porsche 911. And for those who feel like making their son or daughter’s prom a night to remember then forget about the limo; a sleek black Bentley will get them there in style.

Despite the fact that the exotic car rental is generally a little more expensive than renting a Camry at the airport, it’s at all times a lot more memorable. Besides exotic car rentals also make great gifts; as some rental agencies which rent exotics also rent classic cars, so you could give your dad or uncle the ride of his dreams in a vintage Corvette or brand new Ferrari. Sure, it will make a great gift instead of the usual set of gold clubs or tie clip that you were considering as an alternative!

About the Author: Ernest R. Peterson provides readers with up-to-date commentaries, articles, and reviews for cars, auto accessories as well as other related information.


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Posted on June 16th 2018 in Loan Agreements

Accidents Happen! It’s Very Important To Have Home Owners Insurance In Austin Tx

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byAlma Abell

There are many words used when discussing various types of insurance, that often don’t make sense to a client. This is often why clients simply let it all up to a good representative of the company. That same agent must know how to communicate with clients in order to make certain they purchase enough coverage to protect themselves. Whether it’s automobile insurance, a homeowner’s policy, renter’s policy, or life insurance on themselves and their family, they need to purchase enough coverage to help a family if the breadwinner should die, or their home perished in a fire.

Many clients also need coverage on their RVs, boats, airplanes, motorcycles, pets and jewelry. If they’re buying something, and they’re repaying a financial institution for it, it must be fully insured. Consider what the ramifications would be if a person purchased a home and they were paying for Home Owners Insurance in Austin TX.

This same scenario could play out in every other town in the United States. What if they stopped paying on their homeowner’s policy and the home burned down? How would a lending institution be repaid for the loan the customer borrowed? How would the client rebuild the home if he/she didn’t have the funds? Insurance is extremely important to everyone, whether the lending institution or the homeowner. Patrick Court represents State Farm in the Austin, TX area. He’s the one to talk to when insurance is needed, and he’s the one to talk to when a policy owner needs some questions answered.

Most companies extend their hands wanting a customer’s money to make repairs when a disaster occurs. They want money to dry out a home that’s been hosed with water during a fire. They want money to perform mold remediation due to the dampness caused by that same water. When a disaster occurs, and a person has Home Owners Insurance in Austin TX, the insurance company will extend a check to the client.

Today, insurance companies have easy to navigate websites where clients can find more information about their policies. They can also ask for online quotes if they’re shopping from home. It pays for every client to be involved in their own insurance program, and it pays to have a good representative of the company that knows his/her business when explaining those programs.

Posted on June 1st 2018 in Loan Agreements