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Can I Buy a Car While in Debt Settlement?

This is a common question we get from individuals considering debt settlement as an option for their unsecured debt.  The answer?  It depends on your personal financial situation.  But as the following article points out, auto lenders are now focusing on and giving loans to subprime consumers.

http://money.msn.com/saving-money-tips/post.aspx?post=425479b1-46f0-4d17-85c0-8792d13ff4b3

While you can expect to get a higher interest rate, it is possible (and maybe easier now) to get an auto loan with less than stellar credit.

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Avatar for Kevin Fallon McCarthy
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.