New Online Guide to Bad Credit Car Dealers

More Americans than ever have fallen into credit tiers generally regarded as "bad." For the most part, bad credit is defined by a credit score of below 620. According to credit experts, greater than 43 million US citizens now have credit below 600!
By: Bad Credit Car Dealerships
 
 
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Aug. 13, 2010 - PRLog -- More Americans than ever have fallen into credit tiers generally regarded as "bad."  For the most part, bad credit is defined by a credit score of below 620.  According to credit experts, greater than 43 million US citizens of 18 years or older now have credit below 600!  This does not even count the huge amount of people who have bad credit scores between 600 and 620.  

Now more than ever, bad credit car dealers (http://www.badcreditdealerships.com/) are essential for allowing this segment of the population to purchase a car.  Often they will finance such a buyer's car purchase when no one else will.  There are countless stories of people who have been turned down for an auto loan multiple times, facing rejection at banks, credit unions, franchise dealerships.  Some of these drivers need a car to commute to their job, their classes, or to run a business.  Unfortunately, bad credit financing deals often come with a major price tag. Either the price of the car is higher than the average dealership’s price; or more commonly, the interest rate is higher than you would expect to pay if you obtain your financing through a traditional dealership.  Minimum down payments are usually quite stiff as well.  

That doesn’t mean that the dealers are not reputable, or that the car you purchase is a lemon. Bad credit car dealerships (http://www.badcreditdealerships.com/) often buy surplus used cars and conduct their own quality and inspection checks. That said, these dealers are lending to high-risk applicants -- the highest risk -- and so they must equate for this increased risk by charging more.

For a new online guide to bad credit car buying, visit http://www.badcreditdealerships.com/.

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Bad Credit Dealerships (http://www.badcreditdealerships.com) is your online guide to the best car dealers for bad credit buyers.
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