When purchasing a car does a bad credit applicant with a suspended?
First off lets talk credit. There is no real rhythm or reason on why a bank approves or denies funding. Theres a multitude of factors they look at. Sometimes the bad credit applicant just isn't enough to overcome even with a co signer. So the answer is No, the bad credit does not automatically mean the loan wont be approved. As for a suspended license, the answer there is a absolute No. So many people dont seem to understand this either. You are in no way required or obligated to have a drivers license to own a car. You only need one to drive the car on public roads. Owning a car and driving a car are two completely different things.