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When you apply for an auto loan with bad credit, it is important to know that there are many lenders out there that can give you a loan. The thing you must remember is that you pay a higher interest rate because you have a low credit score. Make sure when you are looking for this type of loan you get and rate over the range of lenders to find the lowest price for a loan. It used to be hard to find an auto loan with bad credit, but you are now, many lenders are easier to get approved.

If you want a lower interest rate of the best things you can do is to raise your credit score. The best way to do is make sure you do not have credit card balances high, and also that you check your credit score for inaccuracies. You can get your free credit report from major credit bureaus annually. You should take advantage of this because if there are any negative marks on your report, you can dispute and remove them. It is also a great way to add to your score to zero and get a better car loan.

Remember that looking for a car loan with bad credit is easier today than it was. Always make sure you compare prices before signing on the dotted line and get a loan for your car. If you want to get the lowest rate possible, you should increase your credit score by making sure that all items on your report or accurate.



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