Do these bad credit lenders have any downside?

Now that I don’t have to pay child support every month, I can afford to buy a car but because I went bankrupt I can’t get financing. I keep seeing these commercials for places that say they will approve anyone. I looked them up and they have really high interest rates but I don’t have another choice. Do these bad credit lenders have any downside?

One Comment

  1. This really is not a bankruptcy question but financial management issue. I don’t have an opinion on these lenders. Probably not a great idea if the interest rate is too high. However if you feel you can management the payment and absolutely NEED loan then it may be an option. I would maybe lease a vehicle or save up your money and buy a used vehicle.

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