Can You Finance a Car with Bad Credit Using SSI or Child Support?

Those individuals who are using a Social Security income or receiving child support will find that it's incredibly difficult to finance a car with bad credit. This is largely due to issues that exist with auto financing for people with poor credit and the importance placed on meeting specific stipulations. Things become more impossible when the majority of your income with is made up by child support payments and disability to income.

Financing a Car with SSI or Disability Income

Subprime car loans have become very popular among lenders, but auto financing for people SSI and disability incomes still remains a touch subject for most finance companies. Things become even more complicated if you have bad credit, but that doesn't mean that you can't get a approved. However, applying for financial assistance with this type of fixed income will require you to meet a different sort of stipulations.