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Another option that prospective homeowners with bad credit can take is purchasing a home with a co-borrower. Fixing or Preventing Bad Credit. Having bad credit is not the end of the world. It still may be possible for lenders to give you a loan, provided your credit score is not too low.
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Since a car loan is usually one of the first payments people tend to make (they need cars to get to work), when issues with these loans are on the rise, it usually means trouble for low-income and.
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As a share of total auto loans, delinquencies aren’t quite as bad as the peak in 2010. high-interest subprime loans aimed at purchasers with low income and poor credit scores made up as much as 26.
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