The Pitfalls of Leasing a Car When You Have Bad Credit
There are a few potential pitfalls that come with leasing a car when you have bad credit. The first is that you may not be approved for a lease. This is because most leasing companies run a credit check on applicants and those with bad credit are often seen as high-risk. Even if you are approved for a lease, you may end up paying more in fees and interest than someone with good credit. This is because leasing companies typically charge higher rates to those with bad credit in order to offset the risk of default. Finally, if you do default on your lease payments, it will likely damage your credit even further which could make it difficult to get approved for future leases or loans.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FASTER!
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