Tuesday, December 18, 2012

Bad Credit Doesn't Mean You are Uncreditworthy

So you need a car today but have no credit or bad credit or no money. There are places that will give you an emergency loan to buy your car but you must be prepared to pay back the loan at much higher interest rates. It is the price you have to pay when you have poor credit, no credit or no money. Although you can get quick emergency loans online to get the car you need today, it may be more economical to save your money and purchase a used car outright so that you will have no loan to pay back. You do not want to incur further debt if you already have debt problems. When you are ready to apply for an emergency loan, consider the following: Make sure You have a Steady Job Having a steady job will allow you to get emergency loans faster. Many of these quick car loan places are like pay day loans that will lend you money if you have a steady job and a bank account. They want to see that you will be able to pay the money back and a steady job will put you that much closer. Make sure You Have A Bank Account You may not need perfect credit to get an emergency auto loan, but most of the place that lend, will want you to have one. A bank account helps establish your credit worthiness and stability and in some cases, your identity.

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