how can I get a car loan with no proof of income. I work as a groomer and I get paid $ at the end of the day?

Posted on 08. Dec, 2010 by charmy in Home Income System Questions

Question by jessa: how can I get a car loan with no proof of income. I work as a groomer and I get paid $ at the end of the day?
I get paid cash at the end of everyday and I make at least $ 150 per day. I work 5 days/week. My car is out of commission and I need a new one ASAP. I am in Los Angeles, CA.

Best answer:

Answer by Denis H
Everybody needs a car nowadays to fulfill his needs of transportation and for saving the time on commuting. But if the borrower has a bad credit history, then it may somehow become difficult for him to get a loan for the aforesaid. Through bad credit car loan, the borrower can easily buy a car even if he is suffering from a bad credit history.

So many loan opportunities are available for borrowers nowadays for every specific need. But thinking about bad credit borrowers is only done by the concerned few who want the needs of bad credit borrowers to be fulfilled. Bad credit car loan is available to borrowers so that they can buy a new or a used car, whichever they wish and want.

The borrowers who have bad credit can take up the car loan in two forms which are the secured and the other being an unsecured form. Through the secured form of bad credit car loan, the borrower will have to pledge his car as collateral with the lender. This will work by convincing the lender about the repayment of the loan amount and thus the lender will charge a lower rate of interest from the borrower.

If the borrower is not ready to pledge his car as collateral, then he can take up unsecured bad credit car loan. This type of loan is totally collateral free. But the high amount of risk involved entails a higher rate of interest which is charged from the borrower on the loan amount. To lower this rate of interest, some research is required from the borrower’s end.

The borrower can search for loan deals for bad credit car loan online as he is most likely to find affordable deals online which suit his needs. He can compare the loan quotes sent in by the lenders and then make his choice. Bad credit car loan is the respite that bad credit borrowers have been looking for. Now they can buy a car and feel less burdened from it.

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Tags: groomer, income, loan, paid, proof, work

3 Responses to “how can I get a car loan with no proof of income. I work as a groomer and I get paid $ at the end of the day?”

heybulldog

08. Dec, 2010

Get a cash car. It’ll get better gas mileage if its not dragging a payment book behind it.
Take what would have been your payments and put it in the bank.

No payments = cash in the bank.

CHA CHING!

Debt free is the way to be!
paulie10182

08. Dec, 2010

check out http://www.callusfirstfinance.com to see what the providers are after they are some non bank lenders on the panel good luck
R.Womack

08. Dec, 2010

They may require you to provide the last two years of tax returns showing your salary. You can also get notarized letters from your customers stating how much they pay you.

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