Bad Credit Auto Loans

How to get a car loan with bad credit
  How do you make the best of a bad credit* situation when you need to buy a car? Poor credit may pose some challenges but there are many ways to maximize your chances of getting an auto loan that’s right for you. Know what to expect It helps to know upfront that consumers with bad credit typically encounter higher interest rates and so, if approved, face paying more for their money than those with better credit. If buying a car now is a necessity, why not turn yourself into a savvy shopper to enhance your prospects of getting the… Read More

Getting a car loan with bad credit really could be easier than you think
You might think getting a car loan with bad credit is a fool’s errand.* Poor credit can cause some bumps in the road but it may still be possible for people in this situation to get auto financing that won’t break the bank.† Credit history is one of several factors that may affect a lender’s decision on a loan application. Looking at where your credit stands could help you better understand your position when applying. The Federal Trade Commission (FTC) recommends consumers get a copy of their credit report before any major purchase, which can be obtained for free from each of the… Read More

Lots of troubled consumers wonder whether they can get auto loans while in bankruptcy. The answer isn’t simple. In fact, the best answer is, “it depends.” First of all, there are two different types of personal bankruptcy: Chapter 13 and Chapter 7. These aren’t the only kinds of bankruptcy in the law books. There are also chapters 9, 11, and 12, but these are for municipalities, corporations and fishermen/farmers. Chances are pretty good that you and your family will be dealing with Chapter 13 or Chapter 7 if you’re looking for auto loans while in bankruptcy. With Chapter 7, any secured… Read More

How to finance a car with bad credit
Financing a car under normal circumstances can be a task in itself, but knowing how to finance a car with bad credit comes with its own complications. Luckily, this situation is fairly commonplace and there are some useful strategies that help when trying to finance a car with bad credit.* A useful step for the borrower is to acquire a copy of their credit report, according to the Federal Trade Commission (FTC). Going through your reports yourself will ensure all of the information about your credit history is correct. Credit history is one element, among many, that lenders may use… Read More

Auto finance companies for bad credit
  If you feel stuck in a bad credit situation and unsure how you will find the auto financing you need, the car-buying process may be something you dread.* Auto finance companies for bad credit are geared to potentially help, however, and may be able to get you moving. There are numerous options to explore, such as banks, credit unions, financial institutions and dealers. A lender where all credit types can apply Online lender RoadLoans, a division of the Santander Consumer USA financial institution, accepts applications from people with all types of credit, even those with no credit or who… Read More

Some of the best auto loans for bad credit: how to know
When the process of buying a car and a poor credit situation come together you naturally end up wanting to find some of the best auto loans for bad credit.* The characteristics of the best auto loans in such cases are likely to depend on your own particular circumstances and financial position, but here are some basic points that could help the search. When looking at interest rates, be realistic with your expectations. You can still try to find a competitive interest rate for your credit situation though. An auto loan that works well for you will have a monthly… Read More

Bad credit? Need a car? You’re not alone.
Do you have bad credit? Need a car? If that’s the challenge you’re facing don’t be discouraged, it’s a common one, but many people are discovering ways to get into vehicles with loans that fit their circumstances.* It helps to be informed before starting the purchase process.† The Federal Trade Commission recommends car buyers should first get a copy of their credit report, and details how to get it. This will provide a better idea of where your credit stands and you can also check for errors. Having checked your score, if you do find yourself with bad credit and… Read More

How To Get A Car Loan With Bad Credit: 5 Myths Revealed!
You’d like to buy a car but you’ve got bad credit, and we all know what that means; it means that there’s no way you will ever get a car loan. And even if you do qualify, you’ll have to pay astronomical rates. Right?   Wrong.   The truth is that people with bad credit can get car loans, without paying exorbitant fees. You just have to know how to go about it. If a less-than-stellar credit rating has put your dream of car ownership on hold, take hope. And don’t be taken in by these five myths about buying… Read More

Costs of car ownership worry millennial generation
The common wisdom that Gen Y consumers – those born between 1977 and 1994 – no longer are interested in automobiles doesn’t seem to hold water, suggests Deloitte’s study. They’re just practical about the costs of car ownership and other factors involved in owning vehicles. “Among Gen Y consumers who do not currently own or lease a vehicle, cost seems to be the main barrier – with most (80 percent) saying it is because they cannot afford it and three quarters citing high operational and maintenance costs,” reported Used Car News. “Affordability is the mantra for Gen Y consumers who… Read More

Bankruptcy doesn’t have to prevent shoppers from getting a car loan
Bankruptcy may seem like the end of the world if you need to purchase a new or used car, but it doesn’t have to be. While lenders are more reluctant, generally, to extend financing to someone with a bankruptcy on his or her credit report, it isn’t always the case, especially if you find a financing company that has a lot of experience working with people with less-than-perfect credit, including bankruptcy. “If you have recently gone through a bankruptcy and are now finding it difficult to obtain financing for an auto loan, don’t despair,” says RoadLoans, an online lender with… Read More

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