Everyone needs a reliable vehicle. If you have good credit, financing a vehicle with a reasonable interest rate is effortless. Moreover, good credit candidates have several lending options. On the other hand, if you have poor credit, your options are limited. Most banks and financial institutions are leery to offer money to bad credit applicants. Fortunately, there are lenders willing to take a risk.

What are Sub Prime Lenders?

Sub prime lenders are financial institutions that specialize in offering money to individuals with poor credit. These lenders also work with self-employed individuals. Self-employed persons often have a difficult time proving income and employment history. Most lenders are unwilling to grant a loan because income cannot be verified.

Advantages and Disadvantages of Sub Prime Lenders

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