Blog > Recent Articles In Bad Credit

How to get a subprime auto loan 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

How to get a car loan after repossession in 6 steps

  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

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

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