POOR CREDIT — I’m in debt consolidation with a 400 credit score — How can I finance a car, I have lots of $

debt consolidation

I am going througt debt consolidation and my credit score dropped, big time. I make plenty of cash to get a car for about $300 a month, but every bank has been turning me down. I have $5000 to put down and all I want is a $15000 vehicle. Any answer to this would be excellent, thank you!

Quick House Sale
Categories : debt consolidation


May 15th, 2009 at 10:38 pm

I do not know where you live but my son sells nice used cars in St Louis and I think with that large a down payment he could get you done but not with a bank but an expensive finance company in a minute. You would get taken but if you want a car go to a used car dealer, because they have ways to get you done. They have to or they would not survive


You’ll have to go to a car lot that does “in-house” financing. Usually only used car lots do this. They frequently advertise this type of financing if it’s available. You’ll probably have to pay about 1/3 – 1/2 the value of the car as a down payment. They usually make the down payment the same as what they paid for the car so they are at no risk and your interest rate will probably be over 20%. (YIKES) Good luck.


Yikes, 400?? I think that is the lowest I’ve ever seen . . .

I think you are probably better off buying a car with cash because even if you get financed your interest rate is going to be sky high . . .


You can use credit repair agency, for example this one -
They will clean lots of such bad stuff from your credit report – and do it much faster than yourself, so your credit will go up.


If you make a lot of cash then pay with cash!

Otherwise the best way to build credit is to rack up a balance and pay it off every month. It’ll take a while but it’s the only way to do.

You can also get a co-signer to help you out that has better credit.


I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate. I came across this company on NBC News Special Edition.Check it out here:

Leave a Comment

You must be logged in to post a comment.