Historically, the percentage of Americans who suffered from a poor credit rating was only 15%.  According to Jean Chatsky, a Today Show financial analyst, more than 25% of American borrowers now have credit scores below 600…that’s 43 MILLION of us!  And don’t think that bad credit is no big deal.  According to Brad Tuttle of [...]

It used to be that getting an auto loan with bad credit was an enormous hassle.  Here’s an example of how it used to work: Go to Lender 1:  Credit Rejected Go to Lender 2:  Credit Rejected Go to Lender 3:  Credit Rejected Repeat Steps 1-3 at Other Lenders:  Get Rejected After Multiple Attempts:  Credit [...]

Auto loan shoppers with FICO scores of 619 and below are regarded as having bad credit. This means getting approved can be challenging and time-consuming, but NOT impossible. Traditional vs Non-Traditional Car Lenders Credit unions and banks typically offer the best auto loan rates; unfortunately, they’re notoriously picky when it comes to high-risk and bad [...]