Because of the rough economical standpoint though there are a lot of people that have slipped into a poor credit score. Everyone is going through a rough time right now financially because it is a bad economy and there is not anything that can be done about it. This is not something that is uncommon and it does not mean that you did anything wrong, but it happens and it can make some situations later in life a bit more difficult. Some of the things that can become a bit stickier will be when you look to get a car loan. Auto loans for people with poor credit are not easy to come by, but they will be possible if you take the proper steps and work around your situation to get the absolute best financing that you can get.
There are many things that may have caused it but those two in particular will definitely require you to apply for different types of loans because those are special circumstances. When searching for an auto loan without the best credit you will want to make sure that you take some time and find out exactly what you need. For example do you have a rough credit situation because of a previous bankruptcy? Possibly from a previous repossession that you went though?