Posts Tagged ‘Buying Car’

Buying a New Car With Bad Credit and High Income?

Sexy_Raquel asked:


I’m currently making excellent money at my job and have no debt to my name. However, this wasn’t my situation in the past and I managed to get behind on my bills and really hurt my credit. My credit did raise a little after paying off my bills, yet it’s still lower than I’d like. I am trying to buy a new car sometime soon and I can’t help but wonder… what is the likelihood I can be approved for my loan with a down payment that is 1/3 of the car price and with a high income… or is my credit going to be a dealbreaker?! Thanks!
I know the interest will probably be huge if I can get approved but I plan on paying it off QUICK!

bad credit car loan