PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I finance a car if I'm going through debt counseling?
I'm currently going through credit counseling. Can I still get a car loan during this period?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If you’re undergoing debt counseling, the process shouldn’t hinder you from getting a car loan.
However, you may want to ask yourself why you’re in debt counseling in the first place. Did you have too many accounts? Are you underwater in debt? If so, you may want to think twice about taking out another loan.
Not only will you have to pay for the
car loan
, but you’ll also have to pay for full coverage car insurance, which can get expensive if you’re young or have a poor driving record.Instead of taking out a loan, why not pay cash for a used car? It gets you where you need to go, saves you money, and you only have to carry
liability coverage
on it. By going this route, you don’t put yourself further in debt needlessly.If you want to save more money, don’t forget to shop around for car insurance. Download the
Jerry
app to compare rates from top insurers and get the best rate for your coverage needs.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies