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High Interest Rates Even though you have bad or no credit, you should still be able to get a decent interest rate. You purchase the car through what's referred to as in-house financing versus through a third party, such as a bank. Additionally, most of these dealerships only report to a credit bureau when you’ve defaulted on your loan. This article explains some of the things to watch out for when seeking a bad credit or no credit car loan: Buy-Here-Pay-Here Car Lots Buy-here-pay-here car lots can seem appealing when you’re struggling to get approved for a car loan. Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. If your credit score is on the lower end of the scale or if you've had trouble getting an auto loan, a BHPH dealership should be one of the places you visit during a car search. Bad credit auto financing can get the best interest rates at the most flexible terms and conditions for bad credit borrowers. Bad Credit Loans and Facts Whenever you apply for a loan, your credit history is reviewed. We've gathered
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