Comments on: How do the bad credit no credit auto sales work? http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html Loan and Financial Info Mon, 01 Feb 2010 15:06:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ~WarlocK~ http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html/comment-page-1#comment-2963 ~WarlocK~ Tue, 04 Aug 2009 20:54:15 +0000 http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html#comment-2963 get more in depth answers here.this source has helped me a lot. get more in depth answers here.this source has helped me a lot.

]]> By: steve.raid http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html/comment-page-1#comment-2962 steve.raid Sun, 02 Aug 2009 21:16:03 +0000 http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html#comment-2962 The others answers are correct on how the auto sales work, but I just wanted to add that your best bet would be to get your credit fixed. I used to have bad credit, too. I worked with a credit repair company and got it cleaned up. The process takes a few months, but the outcome is incredible. Check out the site of Unified Credit Services, they are the company that I worked with and recommend. The others answers are correct on how the auto sales work, but I just wanted to add that your best bet would be to get your credit fixed. I used to have bad credit, too. I worked with a credit repair company and got it cleaned up. The process takes a few months, but the outcome is incredible. Check out the site of Unified Credit Services, they are the company that I worked with and recommend.

]]> By: SOUTH LAKE http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html/comment-page-1#comment-2961 SOUTH LAKE Sun, 02 Aug 2009 05:34:53 +0000 http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html#comment-2961 They offer their services to high credit risks by inflating the selling price and interest rates of the loans . For example , they can sell a $5,000 car for $10,000 and require a $4,000 down payment and an interest rate of 20% . In this scenario they only need to collect payments of $1,000 to break even on the deal . If you don't pay the payments they can repossess the car and you lose your down payment . If you make the payments they maximize their profits . They offer their services to high credit risks by inflating the selling price and interest rates of the loans .

For example , they can sell a $5,000 car for $10,000 and require a $4,000 down payment and an interest rate of 20% . In this scenario they only need to collect payments of $1,000 to break even on the deal .
If you don’t pay the payments they can repossess the car and you lose your down payment . If you make the payments they maximize their profits .

]]> By: GFBanker http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html/comment-page-1#comment-2960 GFBanker Sun, 02 Aug 2009 04:43:42 +0000 http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html#comment-2960 it means they will probably give you a loan - but will want a large down payments and/or charge you a very high interest rate it means they will probably give you a loan – but will want a large down payments and/or charge you a very high interest rate

]]> By: cocow http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html/comment-page-1#comment-2959 cocow Fri, 31 Jul 2009 10:44:43 +0000 http://www.fn-live.com/how-do-the-bad-credit-no-credit-auto-sales-work.html#comment-2959 It simply means they are willing to work with individuals with poor credit scores. It also means that you'll have to pay a premium, i.e. a higher interest rate. It simply means they are willing to work with individuals with poor credit scores. It also means that you’ll have to pay a premium, i.e. a higher interest rate.

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