May 6, 2010 -
PRLog -- Your car is old and it is starting to give you a little bit of trouble. Since you are not very mechanically savvy, you think the best thing to do is to get a new car. You start that long hard look for just the right car for just the right price. For some reason, the two categories just do not seem to fit. Finally, after a long and grueling search you found the car you want. The perfect brand, the perfect color, it has everything you want but the price is not perfect. You will have to inquire about a car loan. In the back of your mind, you can hear your father cautioning you and telling you that if you cannot afford to pay cash for an item, you really don't need it. In today's society, however, things just do not work that way. If you want something, with a price higher than your wardrobe, such as a car, you need to get a (http://
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It is not so easy getting a loan for anything these days and the car loan is no exception. So here you are ready to go (http://
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shopping. You have been a depositor at the ABC bank for many years, and although you have never had the need to apply for a loan, you have decided you would do so now. You filled out the application, and you were told you will have to wait to see if you qualify for a car loan. You did not and you were told that you were subprime and they only loan to prime applicants.
What is subprime? A subprime applicant is one with bad credit. If you have a credit score of less than 620 the bank will consider you subprime and refuse you a (
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