Tips on Buying Cars: Bad Credit, blemished credit, digging a hole

Question
I have a credit score of 600 at this time and I am trying to get a vehicle financed.  I have been offered interests from 12% up to 25%.  What is a reasonable interest for me to expect with this credit rating?

Answer
Hi Jacqueline

It's very important you understand how the process works before you start to phone or visit dealers, each inquiry will show on your credit bureau and the more inquisitions on your report card the less likely the current lender will approve you, having a blemished credit rating or no credit rating spells the same " high Interest "

It's important you understand how dealers work with blemished credit and how you should deal with it, go to this link on my website for an understanding   http://www.usedcartips.org/CREDI.html

A credit score around 600 is considered just a notch below fair, for a further explanation check this link  http://www.usedcartips.org/INST.html  12 to 15% I would considered excellent with a 600 score, anything higher it becomes buyers beware big time as you could be digging a hole you will never recover from.

Ray