Recent Articles In Bad Credit

How to get a car loan with bad credit
  8 Steps to getting on the road despite poor credit history How do you make the best of a bad credit* situation when you need to buy a car? Poor credit may pose some unwanted challenges but there are many ways to maximize your chances of getting approved for an auto loan, and a competitive rate for your circumstances. Here’s how to approach it in eight straightforward steps.   1. Know what to expect It helps to know up front that consumers with bad credit typically encounter higher interest rates than those with better credit and so, if approved,… 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 get subprime auto loans the right way
  When you have bad credit,* it can seem like your options for auto financing are limited, and that can make it easy to accept the first deal that comes your way, especially if it’s a hard sell. While consumers with bruised credit don’t have the same choices as those enjoying good credit, they may still improve their position, and avoid poor financing opportunities, by approaching subprime auto loans the right way. Getting informed and selecting a lender Choice of lender is a major factor in this. At RoadLoans, as a direct-to-consumer, full-spectrum auto lender, we pride ourselves on offering… 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

Credit union loans for bad credit: What are the options?
  Credit unions are popular. In fact, 98 million people in the U.S. are members, according to the National Credit Union Administration (NCUA), and they are one option to consider when weighing lenders for a subprime car loan. Whether credit union loans for bad credit are suitable for you may become clearer when looking at some of the main options together.* Credit union loans for bad credit – a closer look Direct-to-consumer and indirect financing are two of the avenues available when seeking auto loans, and credit unions are among the direct providers. They are not-for-profit organizations, owned and operated… 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

Buy a car with bad credit – Potential benefits to getting on the road
Few things provide a sense of independence like buying your own vehicle, but poor credit is often perceived as putting the brakes on this dream. It’s not ideal, that’s for sure, but for people looking to buy a car with bad credit there may be options, like lenders that specialize in subprime loans, for example.* And if financing is right for you and you qualify for a loan, there could be some great potential benefits, big and small, to having your own vehicle. The possibility of getting into a car sooner rather than later with the help of a loan… 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

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