Life in West Virginia requires a vehicle. The cities aren’t large, and the rural areas are quite spread out and expansive. Life without a vehicle in West Virginia is almost impossible, but it’s almost impossible to secure a loan for a new car if you have poor credit. Bad credit loans in West Virginia might not be as widely available as they are in other big cities across the nation, but they are an option for anyone who needs one. You can find yourself a bad credit loan using various means, and it can help you improve your overall quality of life without much fanfare.
How do you get a bad credit loan? The first step is to pull your own credit. Each of the major credit bureaus is required to provide this information to you once every year. You want to know what’s on your report, what’s on your score, and how you can proceed. If you find any mistakes on your credit report, you want to dispute them. This is done by contacting the credit bureau with the reason behind your dispute, and what you want removed. If the dispute is valid, it takes approximately 30 to 45 days to have it removed from your credit report. This can help you improve your credit score, which can make it much easier for you to obtain a bad credit loan.
These loans are available in several manners. You can find a bank that works with a dealership lending bad credit loans to consumers. Find a car dealership that works with bad credit lenders, and your chance of being improved increases significantly. You will need a large down payment, which is usually around 10% of the value of the vehicle. Without this, you’ll find it more difficult to obtain a bad credit loan. Lenders want some cash in their own pocket before they are willing to lend money to someone with bad credit.
If you have a credit union in your local area, you can ask them if they’d be willing to provide you with a loan for a car since you have bad credit and cannot get one anywhere else. They might say no, but they might say yes. This is a lender that forms close relationships with those who bank with them. Your best chance is to apply for a bad credit loan with a credit union when you have a good payment history in recent months. If you know you need a new car with bad credit to your name, pay all your bills on time for at least six months, try to pay off as much of your debt as possible, and then apply with the credit union. They see your score and know things happen, but they look at your recent payment history as an indication if you have changed your ways and become more financially responsible.
Buy here pay here loans are not a good option for anyone, even if they are your only option. Try to fix your credit the best you can before you apply for a loan so you can avoid this type of loan. The reason lies in the interest rate. It’s significantly large, payments are required every two weeks, and you cannot afford to pay for something that won’t help improve your credit score. These are lenders that don’t report to the credit bureau.
Requirements for West Virginia Dealers
When working with smaller dealers and those without the backing of a major car brand and manufacturer, you want to be careful. You want to spend time getting to know whether or not the lender has all the required certifications and licenses issued by the state. You want to know if they have the correct salesperson licenses. If they don’t, you don’t want to do business with them.
The other thing to look for in a dealership that’s required by state law is a Carfax report. Your right is to request this kind of vehicle history on any new car you want to purchase, and their job is to provide it to you free of charge. If a dealer refuses to do this, you don’t want to work with them. It’s also required by law all used cars are inspected prior to being placed on the lot for sale. If you feel a car has not been inspected because no proof is provided to you, you don’t want to go about purchasing this vehicle.
Driving in West Virginia
Even the biggest cities in West Virginia aren’t large. Charleston is the largest, and the city only has a population of 50,000. Then it’s Huntington, Parkersburg, Morgantown, and Wheeling. Each city has its own traffic pattern, but none are difficult in terms of driving in the city. The rest of the state is remarkably small and open, which means the roads aren’t congested. It does snow on occasion, which means many roads are difficult to pass and drive on.
While driving through West Virginia, the laws are clear. You must obey them, and you must not speed or ignore the rules of the road unless you want to face fines and other penalties. It’s important to note it is not illegal to stop and pick up roadkill from the side of the road or even the middle of the road if you’d like to take it home for dinner. No one will face any fines for this behavior.
When you need a bad credit loan in West Virginia, it’s important to know you can get one when it seems you have no other options. It’s not always easy to apply for one, and it often takes some serious research to find the best loans. Short of asking someone to co-sign a loan for you, it’s the best option you have for finding a loan and making it work for you.