Blog > Recent Articles In Bad Credit

Pickup truck for purchase with bad credit
    Poor credit may feel like a load you could do without but it doesn’t have to make searching for a truck hard work. There are huge numbers of pickups on the road today and not all of their drivers got behind the wheel with perfect credit scores. Here are nine steps that may help you buy a truck with bad credit, including how to save time and money.*   1. Check your credit Credit score is a big factor in most auto-lending decisions, both in terms of whether an application is approved and what rate may be offered.… Read More

Family and dealer beside vehicle at car dealership
  Among an array of car dealerships, how do you find one that lets you move forward with confidence when you have bad credit?* A little preparation is often the key that unlocks a smooth car-buying process and that feel-good purchase for years to come. Consider starting with an online auto lender, such as RoadLoans, that enables you to work out what you may be able to afford, apply for preapproval and connects approved applicants to trusted dealerships nearby. Here’s how RoadLoans empowers car shoppers and helps them find dealerships that work with bad credit.   From financing to finding… Read More

Woman signing paper to remove cosigner from car loan
  A cosigner can be invaluable when you need help qualifying for an auto loan but, as circumstances change over time, one or both parties may want to remove the cosigner from the arrangement so they can go their separate financial ways. For their part, the cosigner may no longer wish to bear the risk associated with guaranteeing the loan and the effects on their credit should the borrower default. The borrower, on the other hand, could have become more financially established and doesn’t need the assurance provided by the cosigner. In these situations, it’s often possible to remove a… Read More

How an auto loan cosigner or co-borrower may help you get moving
  If you’ve been denied vehicle financing because you have bad or no credit,* then an auto loan cosigner, or a co-borrower, may be what’s needed to get on the road and on with your life. Each may boost your chances of approval and, if approved, better your loan terms. And what a difference having your own transportation can make, whether it’s getting to college classes to further your education, getting to work on time and stress free, picking up the kids from school or taking a relaxing road trip wherever you choose.   Do I need a cosigner or… Read More

How to get subprime auto loans the right way
    Late and missed payments. A change in circumstances, such as bankruptcy or foreclosure. Even starting out as a first-time borrower. All of these things can cause bad credit and put certain financial services, like subprime auto loans, on your radar. As with many services, knowing what to look for will help you settle on the right option for your situation.   What is a subprime auto loan? A subprime auto loan is financing that’s extended to a customer with bad credit, and “bad” or “poor” credit generally is considered a FICO score around 600 and below by sources… Read More

Man repairing car
  Cars with rebuilt titles can be worth thousands of dollars less than those with clean titles, and offer buyers attractive potential savings. But on the down side, there are also risks to taking this option, mainly involving safety. A vehicle typically ends up with a rebuilt title following a significant accident or flood that meant it was deemed a total loss by the insurance company, after which it was sold for repair or parts with a salvage title, rebuilt, and given its new certificate. Buying up these cars for repair and resale is common, but that’s not necessarily reassuring.… Read More

Car on leafy road
    Everyone needs a reset button in their lives from time to time, and for many consumers with bad credit,* fresh start auto loans are the button to press. Financial events like bankruptcy, repossession, job loss, medical bills, tax problems and legal issues can wreak havoc on a credit score, yet a second chance at auto financing enables customers to get the vehicle and mobility they desperately need, as well as rebuild their credit. Making a clean start may be much easier than you think. There are plenty of options for consumers with bad credit histories to seek another… Read More

Repossession car loans
  Coming to grips with bad credit* is one of the main effects of car repossession, and while it makes getting another auto loan more of a challenge, don’t be deterred. A car loan after repossession is often an opportunity for a borrower to take back control of their finances, and there are numerous ways to strengthen your hand as you apply for new credit and seek the best deal. These six steps will help.   1. Really know your credit situation Poor credit means the likelihood of higher interest rates than someone with better credit, so fully understanding your… Read More

Getting a car loan with bad credit may be easier than you think
  You might think getting a car loan with bad credit* is a long and difficult journey. Poor credit can cause some bumps in the road but it’s still possible for many people in this situation to get auto financing that won’t break the bank.† Here are five easy-to-remember tips that may help you qualify for a loan.   5 Simple tips for getting a car loan with bad credit Be realistic about what vehicle you can afford and what a lender may be willing to finance. Consider a used car rather than a new one, and an older model… Read More

Pros and cons of ‘buy here, pay here’ dealerships
  Some dealers claim “we finance anyone,” but it may come at a price Other options include applying for preapproval before you shop   What are “buy here, pay here” dealerships? “Buy here, pay here” dealerships are auto dealers that not only sell cars but effectively act as the bank, too, by providing in-house financing, typically for buyers with bad credit.* Interest rates can be higher than other lending options and customers make car payments directly to the dealership. They’re different from traditional car dealerships that request financing from prospective lenders, with customers generally making payments to a third party.… Read More