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Can you be past due and still get a car loan? |
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Answer
Depends on your definition of past due. If you mean past due "by a few days late all the time", then yes you can still get a loan. If you mean past due "30 days or more past due here and there or infrequently then it may be more difficult but yes you can still get a loan. It will refect in the rate and terms offered-the more past due, the higher the rate. If you are "constantly late, then probably not!
Your credit reports will refect payments that are 30 days or more past due (ex: due on the 1st and pd after the 1st of the following month), they will not refect payments that are 10 or 15 days past due.
First answer by Mortgagelady. Last edit by Mortgagelady. Contributor trust: 214 [recommend contributor]. Question popularity: 10 [recommend question]
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