If someone has a Credit bureau entry, it is usually difficult to get a loan. Unfortunately, there are things in life that just have to be. For example, a new car. Anyone who is dependent on a vehicle, because without it there is no way to get to work, must be in debt or not. Generally, the main thing is that it drives. If you already have a Credit bureau entry, you shouldn’t be able to afford a new expensive BMW. You can talk about it with cheap used cars.

Apply for car loans directly from the dealer

Banks are generally not allowed to approve loans if Credit bureau spits out a negative entry. Car dealers are more generous in some cases. In the end, of course, it depends on how much the purchase is. If it is a 2000 USD car, the chances of getting a car loan are higher than 20,000 despite Credit bureau entry. When people talk, they come together. Car dealers in particular like to talk and try to sell their customers something. Conversely, it sometimes works. Simply explain the situation and hope for a miracle in terms of car loan despite Credit bureau entry.

Guaranteeing car loans despite Credit bureau entry

With a guarantor, it is easier to handle the matter. If it is really only a few thousand USD, it should not be difficult to find a suitable guarantor. A family member or good friends should be there for you in an emergency. This is always a thing, especially with cars. They are needed and if all else fails, it is best to involve your own boss or get information from the social welfare office. There are plenty of options when it comes to your own job. Just don’t give up and stick your head in the sand.

It may be that banks do not have a car loan despite Credit bureau entry, but the possibilities with the different dealers are enormous. Tip: contact independent sellers and not large companies. Car chains usually have a different audience and are less convincing than sellers who urgently need the money themselves. A neat appearance, quick answers and convincing arguments are generally helpful when buying a car in installments.