like if i put 500$ down would that be enough to get the loan? i know 20% is out of this world insane but i need/want a good car so whatever for the time being..the loan of 10000$ my moms credit score is like 563 haha so real bad so would they lend it to us cause it says no money no credit bad credit no problem or we will fiancee you or whatever? so would they give us the loan with 500$ down and for a 10000$ at 20% intrest what would that be 270$ a month? with like 60 month finance or 72 monthWhat are these no credit no money no problem loan places?
They can be legalized loan sharks. The rates are even higher than you think when you add all the fees in. Some of them put a GPS thing in your car, so if you are even 5 minutes late with a payment they can disable it remotely. Then they know where it is and just come and get it. Ugggh. You can get some small cars, brand new for about what you want to pay. The dealers are dying out there. Now with the Cash for Clunkers program ending, they will be willing to deal.What are these no credit no money no problem loan places?
This answer actually makes them sound more legitimate than the actually are.
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