Keyword Analysis & Research: car loans for people with bad credit history

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Frequently Asked Questions

What is a bad credit auto loan?

A bad credit auto loan is simply a regular auto loan with some adjustments based on your credit. Usually, the major adjustment between a good credit auto loan and a bad credit auto loan is the interest rate. As your credit score decreases, lenders tend to charge a higher interest rate for auto loans.

What is bad credit history?

Bad credit describes an individual's credit history when it indicates that the borrower has a high credit risk. A low credit score signals bad credit, while a high credit score is an indicator of good credit.

What is a poor credit loan?

A bad-credit loan is a loan made to a person who has credit that is considered poor and would likely be turned down for more conventional loans. These types of loans may be unsecured, short-term loans such as a payday loan or a bad-credit loan for a vehicle. In most cases, the terms for bad-credit loans do not favor the borrower.

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