Car Loans with Defaulted Credit in Petal

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Car Loans with Defaulted Credit in Petal

If you purchase a vehicle and default on your payments, you may be wondering how that will affect your ability to get a car loan. At Hattiesburg Cars, we understand. Sometimes these scenarios happen, but purchasing a pre-owned car after such an instance is still possible. Our dedicated team of finance professionals can discuss your financing options in detail, and help you search for Car Loans with Defaulted Credit in Petal. Regardless of your credit position, our financing plans can give you real options when it comes to buying the car you want.

Car Loans with Defaulted Credit

If you are unable to pay your car payments consistently, your loan may default. If this happens, the creditor then has the ability to seize or repossess your vehicle as soon as you default. Once your vehicle has been seized your creditor may either keep the vehicle to compensate for the rest of your debt or they may resell it either in a public or private auction or sale. Some may attempt to "buy back" or redeem the vehicle if they can pay the debt, however many people do not or cannot afford to do this. A default remains on your credit history for 7 years thereafter.

Obtaining a Car Loan after a Default in Petal

While a default will remain on your history for a significant length of time, it is temporary and you still have the possibility of obtaining a car loan for another vehicle. You will however likely see higher interest rates on your new loan because of the default. Regardless of your situation, you still have options available to you such as the many great financial options available at Hattiesburg Cars. If you are looking for Car Loans with Defaulted Credit in Petal, we can help you.

At Hattiesburg Cars, our Finance Department is dedicated to helping you get into your next pre-owned vehicle. We endeavor to work with each and every valued customer to explore all their financial options and guarantee their satisfaction. Our finance experts are here to help you get approved for your pre-owned vehicle. With our finance department on your side, we will help you to get the quality car loan you're looking for. Customer satisfaction is our ultimate goal and we always strive to offer you great incentives and options to help make your car buying experience easier. We offer great financing options for buyers seeking Car Loans with Defaulted Credit in Petal. Hattiesburg Cars can help you get there.

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