If you know me very well, you probably know that I’m really not a big fan of debt. I’ve been watching the house of cards Wall Street put up come tumbling down, sending everyone into a panic and wondering where the bottom of this drop is. I don’t know either, but I do know the strain it’s put on the average consumer.
Trying to borrow money for anything these days is getting increasingly difficult. If you have to get a car, obtaining a car loan may not be easy, especially if you’re looking at car loans for bad credit.
It’s possible, but it’s unlikely to be easy. With lenders tightening their standards across the board, it would behoove you to do your proper research and read the terms of your loan very closely to see if you’re getting the short end of the stick.