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Youll need a down payment of at least 3. 5 - far less than payday loans spfld il typical 20 required for conventional mortgages. The major downside is that youll pay fairly high mortgage insurance payments over the life of your loan.

Experts say one related kind of loan to avoid is a mobile-home loan. High interest rates are very common, and even if you can get one with terms comparable to those of a regular subprime mortgage, mobile homes depreciate so quickly that refinancing is difficult.

Bad credit auto loans. Bad credit auto loans are simply loans for car buyers with bad credit that have less favorable terms - generally a higher APR and a lower loan amount - than auto loans made to buyers with good credit. There are reputable lenders who focus on bad credit auto loans that I detail in a separate post on the Best Bad Credit Auto Loans.

However, beware: Unscrupulous dealers may take advantage of bad-credit customers with shady tactics payday loans spfld il leading you to believe your credit is even worse than it is or requiring you to buy add-ons in order to get financing.

Payday loans spfld il

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Payday loans spfld il