How to Purchase a Car With No Credit

Oct. 6, 2010 - PRLog -- Basically, credit score refers to the creditworthiness of a person. This determines whether a person will be able to pay his debts based on his current and previous credit records or files.

Maintaining a good credit score is important especially if you are planning to purchase a car using a car loan from several financial institutions such as banks or other firms which provide the said loan. But one question most people ask is "will I be able to purchase a car using car loan if I have a bad credit score?" The answer is definitely YES. How?  Read more at http://www.socialeditionnews.com

Although it is very hard to obtain a car loan with a bad credit, it is still possible. Most banks only grant car loans to those people who have Prime, Good, and Marginal Credit scores. So if you have a credit score lower than Marginal Credit such as Poor, Bad, and Very Bad credit, you may find it hard to obtain a car loan.

To help you in obtaining a car loan, seek the service of different car dealers. They may be able to help you in purchasing a car using a car loan with a not-so-good credit score. You can search online for different car dealers who have the service that you need. While searching the internet, you might also like to look for good auto transport companies because you will also need their service when receiving your purchased car.

Do not forget to obtain multiple car shipping quotes from different car shipping companies so that you may be able to compare their rates and will be able to decide which one offers the best deal.

So if you want to own a car but you are worrying about your bad credit score, just contact your car dealer and inquire about the type of service that you need.

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