There are a couple of area car dealerships that advertise “Guaranteed Financing. Bad Credit! No Credit! No Problem! Guaranteed on the spot financing available.” As the father of a teenage driver, I became curious to find out if this might be an option. What’s the catch? I also wondered would this option help build credit […]
Bad Credit, No Credit, What’s the Catch?
WRITTEN BY: Ken Stewart, Extension Educator,Family and Consumer Sciences, Ohio State University Extension, Monroe County
REVIEWED BY: Lisa Barlage, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Ross County
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- Consumer Financila Protection Bureau, https://www.consumerfinance.gov/consumer-tools/educator-tools/buying-a-car/#anchor_start.