My credit score is 599. Give a list of businesses that accept personal loans for people with poor credit (599 score). By the way, I work part-time and am employed; I make about $18,000 a year.
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You most likely wonβt be able to pay back two loans if you canβt afford such a little down payment. Before you further damage your credit score, get a junker car from a private seller.
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This plan is really horrible.Because you will be required to have full coverage for accident damage on your single car, in addition to having two loans for it.
And as an underwriter, I would never, ever approve this loan for you.