Category: Free Debt Advice

3 Ways to Get a Car Loan With Bad Credit & No Money Down

If you have bad credit you have probably been to more than one car dealership that has turned you down. This is very common that people don’t accept the opinion of the first car dealer and so they go looking for a second opinion much like many people do with doctors. We just don’t like to hear the bad news and were looking for someone that will tell us what we want to hear.

Here are three ways that you can get approved for a bad credit car loan without having to put any money down.

1) If you have a local bank or credit union that you have your checking account with, you may be surprised to find that they will actually offer you a car loans so long as, you have a reasonable average balance and don’t ever have any overdrafts. You will have to have a stable place of residence that you have probably been added for at least two or three years, Continue reading →

Debt Problems – Personal Contact With Your Creditors Can Make All the Difference

There may be times, especially in the case of local creditors, where a personal visit to their offices will obtain results not possible if all exchanges are in writing or over the phone. Such visits should be arranged beforehand, and the appointment should be always made with an individual with sufficient authority to make final decisions which will affect your situation. By presenting yourself in person, you will be ‘putting a face to the name’ and hopefully making it more difficult psychologically for the person you meet to agree to serious proceedings being taken against you.

The fact that you have taken the trouble to visit the creditor in order to try to come to some arrangement will also count in your favour, both with the creditor, and later with the court if the matter ends up going for arbitration. You will also be producing an opportunity to present your arguments in far greater detail than would otherwise be possible, and of showing whatever documentary support for your arguments that you may have, and will be able to respond to objections as they arise and hopefully to deal with these in turn.

Of course, you will need to concentrate on projecting the right impression, and should spend some time before the visit in preparing the arguments you intend to use. As ever, the most promising line to take is that although you cannot settle the debt right away, and no amount of pressure is going to make you do so, you firmly intend to repay the debt if you are given sufficient time.

Your line of argument is likely to be far more acceptable if you are in a position to offer some slight increase in any payments you may be making, or if you can begin making some small payment if you have not previously made any Continue reading →