Can I Get a Car Loan With a Credit Score of 500?

If you have a credit score of only 500, then chances are that you have some significant blemishes on your credit report. These typically include past due payments, bankruptcy, repossessions, or a host of other ailments that can significantly bring down your credit score.

If you are looking to get a car loan with a credit score of 500, then your options are limited. There are however online lending sources that can give you a car loan with minimal hassles and the best part is, this can be done without the need for a down payment if you do your shopping right.

Many people are not aware that car dealerships are not the end all authority when it comes to car loans. Car dealerships are in the business of selling cars and car finance helps them to do that by outsourcing their lending to loan companies.

All a car dealership can do is submit your information and credit application to a lender along with the information about the car that you are wanting to buy. Contrary to popular belief, a car dealership has absolutely no power when it comes to getting you approved with a lender.

Car lots act more as a middleman for car loans, than anything else. As they are responsible for submitting applications to the lenders, car lots actually make a commission based upon the interest rate that you pay. The higher the interest rate you pay, the more money that the dealership makes.

You can save money and get an easier approval with an online lending source.

Find Legitimate Lending Sources Here: BuyingCarswithBadCredit.com.

(http://www.BuyingCarswithBadCredit.com)

Jason Lanier, Expert Author.

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Auto Insurance - Your Car and the Rate You Pay

Auto insurance cover is more or less compulsory in most states. Every driver is at least expected to have a minimum coverage set by the state. Because of the cost of auto insurance today, people are looking for ways to lower their costs. The question here is this. Do you know what affects your rates?

Insurance companies are business entities set up to make profit so they put many factors into consideration when fixing a rate for a particular policy holder. Some of the factors considered include but is not restricted to - driving history, type of car, credit score, the neighborhood where you pack the car, the safety features in the car, the mileage you cover etc.

The insurance company has to be able to honor every legitimate claim that is made so they would first look at what a claim would likely cost them, how high or low the risk of making a claim is etc. If your car would cost the a lot of money to either repair or replace and they think that based on the information they have, the likelihood of your making a claim soon is high then rest assured that your premium would be very very high.

If you are concerned about saving cost, you should start by looking at the type of car you want to insure. The more expensive the car, the more you would be required to pay as premium.

You should also look at where you car is packed at night. How safe is it? The safer it is, the lower premium would be.

There is a possibility that if you are new to auto insurance, your rates might not be so low. However, bare in mind that you can lower your rates as you over time show yourself to be a very low risk driver. That is, you build a positive driving history for yourself.

Be sure you get and compare quick auto insurance quotes if you really want to enjoy lower rates. Quick auto insurance quotes would help you find an insurer to offer you the coverage you need at the lowest rate.

How do I start my quotes comparison?

Here are two very good sites to start getting your quotes.

Auto Insurance Quotes

Quick Insurance Quotes

Chimerenka Odimba is the publisher Several finance based sites.

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Finding a Bad Credit Used Car Loan Without the Headache Or Rejection

I felt like they were all out to get me. The finance companies that is. It didn't matter who I tried, they all has the same information. I vividly imagined the computer screen displaying a big bright warning saying "don't give this guy poor credit auto loans", of course that's not really how it works.

The reality of the matter is that for some reason or another, the credit companies don't feel very safe lending you their money. Its not a very nice feeling i can tell you, but you'll mostly likely have experienced this yourself, and no doubt can echo my frustration. The answer to our problems though, can be solved with just a little effort on our part.

The first obvious choice, is to figure out once and for all exactly how these credit companies view us from a business transaction type of opinion. They are not lending us money because they feel we are a risk to them, and they derive this information through our credit files.

With that taken care of we can go ahead knowing that our credit history is better, and from this we can expand our search. We'll probably want to look for bad credit used car loan, as sometimes the information we have amended within the credit file, may take some time to update. Upon searching its vital that you look out for the extremely high interest rates. These can seem tempting at the time, but the last thing you want to be doing is paying for a car in 10 years time and you haven't even got the car!!.

You are in control of your finances, no one else. If you take the same or similar steps yourself, i have no doubt you can obtain a bad credit used car loan with minimal difficulties

Johnny provides the most up to date information and offers on how you could get a bad credit loan within the hour visit http://www.car-loans-for-bad-credit.com

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I Need a Car Loan and I Have a Bad Credit Rating!

Obtaining car finance when you have bad credit rating can be very difficult. Many people find themselves applying a car dealerships only to get turned down. There are a few things you need to know that will help you along your way. Knowing where you can get approved will help you out a lot. The truth is that not all lenders will approve you and you need to focus on most lenders that are most likely to provide you with financing.

Car finance companies that exclusively work with people that have a bad credit rating, is the ticket for you. Don't waste your time with companies that are more geared for people that have good credit.

While there are some companies that can help folks that have marginal credit, the majority of them are to be really tough to get approved with. The best thing for you is a car loan company that does nothing but, process bad credit car loan applications all day long. It's not a challenge for them.

These types of companies do it every day and have no problem getting you together with the auto loan company that is best suited for you. What could make things he easier for you? If you have a bad credit rating, there's really no better option.

An added benefit of initiating the financing end of the car purchase online, is that you can avoid the pressure of dealing with salespeople in the dealership. You're able to take an honest look at your finances, see what you can qualify for ahead of time, and make a more educated, informed decision about your purchase.

http://www.BuyingCarswithBadCredit.com can help you with legitimate auto lending. If you have bad credit, there are sources that are willing to help you to overcome the challenges that you are facing, while helping you to rebuild your credit with a good auto loan.

Jason Lanier, Expert Author.

Article Source: http://EzineArticles.com/?expert=Jason_Lanier

Help Finding Cheap Student Car Insurance

Insuring a high school or college student can be a challenging task. Due to the fact that they don't have much driving experience most insurance companies consider them high risk. There are some tips you can follow that will help you find cheap student car insurance.

If you are willing and able to add the student to your existing policy you are going to save a lot of money on premiums. If you decide you don't want to do this or you find that you are not able to do it try this.

Get on the Internet and type in cheap student car insurance quotes. Find the site that does price comparisons for students. Look for the lowest quotes for your particular situation. Select 3 or 4 of them. Now type in the websites for these specific carriers. When you get there you can see what types and levels of coverage you can get on just a basic policy.

Find out if the company gives discounts for students with good grades. If your child can maintain good grades, this shows the insurance company that they are responsible and therefore should be a responsible driver. They will lower the rate. Have your student take a defensive driving course. If they pass most carriers will give them an even further discount.

If the student is planning to drive only on weekends and during school breaks they can request more of a discount. If they drive a model car that has lower insurance rates, this will help also. The most obvious thing to keep in mind when trying to find cheap student car insurance, is the students behavior. If they have a good driving record no accidents they will get a lower rate. Any DUI's or other police record will make it very difficult for them to get any insurance so it is best that they be on their best behavior.

Eddie Abel is a researcher, blogger, and a cheap student car insurance specialist. Click this link to get your FREE quote or find more practical cost-cutting insurance tips and advice at his site: Cheap Car Insurance Rates

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