Are you in need of a car? Been turned down because you have no credit?
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1. ==== ====
Get the car YOU want - even with little to no credit! Read the ULTIMATE AUTO LOAN
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Bad credit car loans make it easy for the borrowers suffering from bad credit history to get finance
for the car. Bad credit problem in UK is now increasingly becoming common. As a result, the
lenders are also providing bad credit car loans at competitive rates.
Bad credit car loans are basically secured loans since the borrower usually agrees to put the
financed car as collateral. This makes the lender sure about the repayment of the loan amount
and the interest. In case the borrower makes any default, the lender can always repossess the car
to get his dues satisfied. Since the risk undertaken by the lender is minimal, you get bad credit car
loans at competitive rates.
Bad credit may come into picture if you have arrears, defaults, bankruptcy, County Court
Judgements (CCJs) or if you are self-employed without any proof of income. Although bad credit
usually increases the rate of interest applicable to the loan but, depending up on the extent of your
bad credit history and your individual financial circumstances, you can still get bad credit car loans
at competitively low rates. The exact rate of interest, however, depends on many factors like loan
amount, duration of the loan and your repaying capacity.
To avail bad credit car loans quickly and conveniently, you may apply online. You may also carry
out online market research and requisition some online quotes to avail bad credit car loans at
competitive rates. Compare them and select the bad credit car loan that suits you the most.
The author is a business writer specializing in finance and credit products and has written
authoritative articles on the finance industry. He has done his masters in Business Administration
and is currently assisting Shakespeare Finance as a finance specialist. For more information visit
us [http://www.ecar-loans.co.uk]
Article Source:
http://EzineArticles.com/?expert=John_Carry
2. ==== ====
Get the car YOU want - even with little to no credit! Read the ULTIMATE AUTO LOAN
BLUEPRINT now (free for limited time!) and find out how...
http://poorcreditautoloans.info/
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