Getting a five-figure loan sanctioned to buy a car is not easy. If you add a poor credit history to the mix, the odds escalate that much more.
Going by the most common credit score model, an individual’s rating can be anywhere in the range of 300 to 850. In this range, a score of 669 or less is ranked on a spectrum of fair to poor, depending on the policies of the loan provider. While a score like this may limit your eligibility for securing a loan, with some research and careful financial planning you can still land one.
Here’s everything you need to know about how to get on: