Blog > Recent Articles In Bad Credit

Car parked beside road
  Getting declined for an auto loan can be frustrating but doesn’t have to stop you in your tracks. Often, a rejection decision results from bad credit,* yet there are many lenders who will loan to people with poor credit scores, so it makes sense to look for a second chance. A lender like RoadLoans, for example, accepts applications from consumers with a wide range of credit and has years of experience helping customers move forward in the vehicles they want. Here’s how to go about getting that second chance at an auto loan.   Check your credit report There… Read More

  • 20 percent for new and 10 percent for used vehicles recommended • Smaller down payments still offer advantages   Whatever you can afford as a down payment on a car will stand you in good stead, but the general view is that you should aim for 20 percent, or at least 10 percent if buying a used vehicle. One of the main reasons for these figures is to offset the depreciation in a car’s value that inevitably follows a purchase. A down payment offers other advantages, too, including improving the chance of loan approval, a lower APR and… Read More

Man using laptop to improve credit score
  If you’re relying upon a loan to purchase your next vehicle, you may want to improve your credit score before you apply. Credit score is normally a leading factor for lenders weighing your application and, if approved, it will also affect the terms of the loan offered. Amount financed and APR, for example. In that light, a cared-for score could make the difference between a new set of wheels or no wheels at all, and potentially save you thousands of dollars on finance costs. Here are six ways to get credit savvy and move your score higher.*   1.… Read More

Toyota Sequoia on racetrack
The RoadLoans blog provides articles on a range of topics. Auto finance, for sure, but also the wider car-buying experience, vehicle ownership and interests. The most-read blog posts of 2019 reflect that spectrum, albeit with a bias towards financing, from the longest-running vehicles to the basics of refinance. As the year enters our rearview mirror, here are the top 10 posts to date.     Longest-lasting vehicles: SUVs are way ahead Some vehicles just don’t like to quit – especially big SUVs. See the models and brands most likely to take you past 200,000 miles, as recorded by iSeeCars.com.  … Read More

Financing for first-time car buyers with no credit history
  You can still apply for a loan without an established credit history Down payment, co-applicant among ways to boost your application RoadLoans offers a quick and easy process for newcomers to financing   As a first-time car buyer with no credit or bad credit,* you might feel up against it. That’s understandable. Consumers with long and strong credit histories generally stand a better chance of getting financing from an auto lender, and may enjoy better terms and a greater choice of vehicles. But take heart. Many lenders are set up to work with first-time buyers, and guess what? Many… Read More

Do guaranteed auto loans exist?
  You may have seen advertising for “guaranteed auto loans” and “guaranteed auto loan dealerships” while shopping for car financing, especially if you have poor credit.* It sounds appealing, but you might want to ask yourself how a company can offer a guarantee without knowing your individual credit and financial situation, or what type of vehicle you want to buy. At RoadLoans, we don’t claim to offer guaranteed auto loans, but we can give you some tips on how likely you may be to get approved and, if so, what kind of interest rate you will get. You may also… Read More

Man driving car with credit acceptance auto loan
  Consumers who have established strong credit histories probably know they have a healthy chance of auto loan approval. For those with bad credit,* the situation may be less clear. Perhaps they’ve already been declined for financing, yet lenders offering guaranteed credit acceptance have caught their eye. In the end, the likelihood of driving away in a new set of wheels, and the price of their loan, depend greatly on which lender they picked.   “Buy here, pay here” dealers often advertise approval guarantees Offers of guaranteed approvals often come from “buy here, pay here” dealerships, whether advertised online or… Read More

Students walking to college
  Going to college is one of the most memorable times in life, offering a new sense of freedom, new friends and studies that lay the foundations for a future career. Having your own car can help you enjoy that experience to the fullest, but what is the best way to pay for it? Even with the likelihood of little or no credit history behind you, car loans for students make sense when done right.   What you’re looking for The aim is to qualify for an affordable loan amount and monthly payment while keeping interest costs down. You don’t… Read More

auto loans for bad credit
  When you need to finance a car with a credit score south of 600, you’ll be looking at an auto loan for bad credit.* As there are different sorts of poor credit, such as those caused by a discharged bankruptcy, no credit history or just late payments, the best option will depend on your own situation. That said, there are some general points that will help you find it. Overall, you’ll want a lender that’s easy to deal with, offers the greatest chance of approval and, if approved, gives you the most favorable terms on your loan. Read through… Read More

Pickup truck for purchase with bad credit
  Poor credit might feel like an extra load, but it doesn’t have to make buying 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 some useful pointers for purchasing 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. Your score is based in part… Read More