Can i get a loan with bad credit

Asked by Mar 13, 2017 at 03:31 AM about the 2008 Chevrolet Cobalt LS Coupe FWD

Question type: Car Selling & Trading In

1 Answer

115,125

Having no credit or poor credit is a major stumbling block to getting a loan because you’re viewed as a high risk customer who might default and leave the lender holding a bag of worms. It’s just a fact that until you raise your credit score, you won’t fit the standard lending guidelines that traditional, big banks have to follow. If you’ve been turned down for a loan or don’t want to get stuck paying high, subprime interest rates, Try a Credit union, or If you have enough equity in your property, you could get a low-interest, tax-deductible line of credit to spend any way you like. you can try a Peer to peer or P2P lending has been around since 2005. It’s an online platform that allows you to borrow directly from an individual instead of from an institution. You may have someone co-sign a loan for you.

Your Answer

Chevrolet Cobalt Experts

  • #1
    lightGear
    Reputation
    1,200
  • #2
    munron
    Reputation
    1,150
  • #3
    dandyoun
    Reputation
    990
View All

Related Models For Sale

Used Honda Civic
286 Great Deals out of 4,290 listings starting at $1,815
Used Chevrolet Malibu
94 Great Deals out of 1,753 listings starting at $888
Used Ford Focus
84 Great Deals out of 2,454 listings starting at $1,200
Used Chevrolet Impala
166 Great Deals out of 1,037 listings starting at $2,495
Used Ford Mustang
5 Great Deals out of 1,036 listings starting at $3,995
Used Honda Accord
63 Great Deals out of 1,175 listings starting at $1,488
Used Dodge Charger
64 Great Deals out of 730 listings starting at $1,600
Used Toyota Corolla
201 Great Deals out of 3,594 listings starting at $2,411
Used Toyota Camry
79 Great Deals out of 2,182 listings starting at $1,900
Used Chevrolet Silverado 1500
172 Great Deals out of 10,490 listings starting at $2,230
Used Nissan Altima
86 Great Deals out of 1,253 listings starting at $2,200

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.