bad credit financing

613057

{"text":"I'M leased on with a company at the moment but i want to buy my own truck, but my credit score is in the 500's. Where can i go to get financing from with bad credit a small down payment?","pics":"[]","canComment":true}

255377

{"replyTo":"","text":"Being self employed can be a roller coaster ride of income. Which does not lend itself to the ideal credit profile. Fico, the Fair Isaac Corporation was formed in 1956 and is used by 90% of lenders in the us. It’s model uses an algorithm to determine your credit worthiness or ability to repay your debt as agreed. Credit utilization comprises 30% of your fico score. That is how much available credit are you using. The less the better, less than 30% and hopefully less than 10% . So if you have a credit card with 1000 credit limit, keep the balance under 50$. Balance reports to the credit bureaus around or before your billing cycle. Average age of accounts is another heavily weighed category of your fico score. Never close a good standing account and charge something on that card a few times a year to keep the account open, even if it’s 5 dollars. Credit mix makes up 10% of your fico score and hard inquiries also make up 10% of your score.  Missed payments are a big dent in your credit and should never happen. Just make the minimum payment every month and set up google reminders or auto pay to help. Never give out your social security number especially not on medical forms as their web security is non existent. Use a fake social if need be for medical forms unless you want your information floating around the web for anyone to see. If you can get a secured credit card and make payments on time for 6 months and simultaneously hire a credit repair service that has very good customer reviews and I’ll bet that your score will go up 100 points. Good luck! Get that truck title in your name, that’s the only thing that counts as ownership ","replyToPid":0}