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Should I Pay Off Car Loan Early?


Generally speaking, any high APR consumer debts that allow early payment of principal should be done so as long as you can afford it. This includes car loans, unsecured signature loans, credit card balances etc. Of course, check first whether that lender allows it in the first place. If you have a bad credit car loan, the rates are very high so you should make early principal payments whenever you have the spare cash. This means that the amount you owe is reduced, so lesser interest will accrue for the rest of the loan term. You can see how fast you can pay off your car loan using a car payment calculator with early payoff options....

Car Financing And How To Buy A Car With Bad Credit


How bad is your credit? Is your lack of good credit restricting you from access to cheap auto loans? While having less than perfect FICO scores means you won’t qualify for the best car financing deals, there are still auto loan options for car buyers even if you are unemployed, bankrupt and need to finance a car with bad credit. Read on to understand how you can buy a car with no credit using financing schemes for people like you. When buying a car for the first time, it is important to understand what it means by an auto loan with bad credit or no credit – it implies poor FICO rating of that person. This could be a result from poor payment history like exceeding card limits, skipping payments or being made a bankrupt....

Car Financing For Unemployed With Bad Credit


“What are the options if I need to buy a car when I have bad credit? Can I find a low cost auto loan and pay with a low interest hire purchase?” – When buying a new car with bad credit, you have two choices: pay for the full cost or hire purchase car installment plan. However, not many of us can afford to buy a car by paying it in full....