Thinking about buying a car when you have bad credit is a problem that many people have faced over the past few years. Some friends of mine had a challenging time recently, where they had hoped to buy a new home and car but were not able to due to having a bad credit rating.
Bad luck can mean a poor credit rating
Last year, my friend found out that she was expecting her second child. After such wonderful news, a couple of months later, her husband’s hours were cut at work due to redundancies being made within the company that he worked for. He felt very lucky that he was not made redundant but at the same time, he was not able to bring home as much money has he had done previously. At the same time, they had been looking for a larger house for his growing family. Their car was aging and costing more and more each month to repair so they had hoped to buy a new one too. Continue reading Buying a car when you have bad credit – Moneybarn