I am trying to find financing to buy an existing business with bad credit. Any suggestions?

by admin on May 20, 2012

Question by TMan: I am trying to find financing to buy an existing business with bad credit. Any suggestions?
I am trying to buy an existing restaurant with two other partners. The others have the money to buy. I still need $ 30-$ 40K. I have bad credit from hardships faced 5 years ago and cannot find anything online about where to even start looking. Anything will help.

Best answer:

Answer by Sharon F
you are opening yourself up to more financial damage

some companies prey on folks with bad credit and offer those business loans with interest rates that are extremely high

I can only suggest getting yourself together before thinking of getting into a business/partnership

Fix your credit FIRST

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Q&A: What is the average interest auto loan rate these days?

by admin on May 19, 2012

Question by Lana H: What is the average interest auto loan rate these days?
What is a good or average interest rate on an auto loan?
For a brand new car that is. I know it depends on your credit, so please don’t give me that answer. Still, even with good credit or average credit, how do I know the average interest rate for auto loan unless someone tells me please.

Best answer:

Answer by Chloe
I’m not sure what the average is, but mine is 4.9%

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