January 11, 2012

Can I Buy a Car While in Debt Settlement?

This is a common question we get from individuals considering debt settlement as an option for their unsecured debt.  The answer?  It depends on your personal financial situation.  But as the following article points out, auto lenders are now focusing on and giving loans to subprime consumers.

https://money.msn.com/saving-money-tips/post.aspx?post=425479b1-46f0-4d17-85c0-8792d13ff4b3

While you can expect to get a higher interest rate, it is possible (and maybe easier now) to get an auto loan with less than stellar credit.

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