When Is the Best Time to Get A Car Loan Agreement If Coronavirus Has Affected Our Family Economy?
It’s no doubt that COVID-19 has dealt a great blow on the economy of several nations. This has consequently crippled the personal income of many families, with unemployment rates reaching a record high since the outbreak started. Most world governments are doing all they can to ameliorate the living condition of their citizenry with palliative mostly provided so they can successfully enforce the stay at home order. In as much, as the government continues to provide financial support for their populace, there is little government can do in this precarious time to mitigate the impending hardship that would be faced by the majority of the unemployed populace. Without a doubt, COVID-19 is peradventure the worst thing to have befallen any economy, with unemployment hitting off the charts the trend will definitely not slow down till it’s done its damage.
Is a car loan the right at this time?
Whether or not taking a car loan is feasible or right is solely relative to the credit status of the family, if one has been on bad credit already, then a car alone isn’t going to be feasible. Having a good credit stance doesn’t necessarily mean one can go all out to get a car loan, getting a car loan comes with many financial responsibilities as one needs to properly service the car loan and still provide for the needs of the family which include shelter, food and clothing as basic needs. It would take careful judgement on the part of the … READ MORE ...