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Wys³any: Czw 16:55, 27 Sie 2015 Temat postu: online payday loans lenders |
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The truth is, most banks and credit unions don’t provide car loans for people with bad credit either – at least not traditional lenders. So if all of this is true, who does? The auto lending industry is comprised of captive auto finance companies, banks and independent auto finance lenders. Although some banks and captives offer programs for the credit impaired, most of the sub-prime paper is originated by the independents through relationships they have with car dealers. This is known as indirect lending. In other words, a consumer receives financing from an auto finance company indirectly through a dealer. guaranteed pool loans Loan With Bad Credit Spot-delivery abuses show how vulnerable subprime buyers can be to dealership scams. But another truth is that a new car might be out of reach until a shopper's credit score improves. There are alternatives, however, including buying an inexpensive older car for cash — and saving up for something better.
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