Consumer Car Buying Advice Blog

If you have bad credit there are ways that you can increase your chances of getting your application approved for car loans with bad credit at the lowest interest rate.

Back in the game

Getting back on your feet after a financial setback such as a job loss can be difficult enough even with good credit, but if you have bad credit that may only be the fault of the economy and you need a car loan, your problems can multiply. This is the time web sites such as ours at www.autocreditexpress.com can make the process of reestablishing your auto credit and improving your credit scores easier.

We have helped thousands of applicants just like you rebuild their car credit simply by filling out our online bad credit auto loan application. By avoiding a tote the note dealer, you can begin a new chapter in your life with a loan approval through one of our affiliate dealers for a second chance auto loan.

One of the reasons we want you to visit our web site is because we’re truthful about what it will take for you to qualify for a bad credit auto loan. We want you to know that the credit auto rebuilding process can be an expensive one because of the high interest rates associated with these types of auto loans.

We also want you to be aware of the fact that, on your own, you may not be able to find a dealer in your area that will be able to help you get financed for a car.

Finding the right dealer and the best interest rate

One of the biggest obstacles to getting approved if you have bad credit is finding a car dealer that specializes in auto loans for bad credit. While many dealerships advertise that they do these types of loans, many of them are what we call buy here pay here or tote the note dealers. While these dealers may be able to put you in a car, they usually won’t report your loan payments to any of the credit bureaus. This means that you may be able to finance a car, but if, in the mean time, your FICO scores don’t improve, you’ll be in the same situation the next time you need a car loan.

There is another reason you should think twice before going to a dealer that offers in-house financing. Most of these tote the note used car lots are small businesses that are not affiliated with a new car franchise. Because of this, the inventory that they carry usually consists of older, high-mileage cars. These cars, because of their age and mileage, are often unreliable and any warranty that they carry is usually very short, if they have one at all.

On the other hand, many new car dealers don’t want to get involved with bad credit customers. Unlike regular new car financing, bad credit car loan financing requires special training for dealership employees. Dealers also need to stock the right kind of cars in their inventories. As a result, many new car dealers have neither the time nor the patience to maintain a special finance department and maintain the right kind of inventory for bad credit customers.

How Auto Credit Express can help you

The internet has changed the way customers with good credit and bad credit buy cars. Online web sites, such as www.autocreditexpress.com, can match the needs of bad credit customers with a network of dealers that specialize in bad credit auto loans. These same dealers use a wide range of lenders that also report your payments to the credit bureaus. A loan taken out through one of these dealers with one of their lenders gives you a number of advantages over a tote the note dealer:

1.    You will be able to choose a vehicle from a much larger inventory.

2.    Because of stringent lender requirements, these vehicles are either new cars or newer used cars with lower miles.

3.    Most of these vehicles are eligible for service contracts that can cover the entire term of the loan, helping you avoid potentially high repair bills.

4.    Since the lenders report to the credit bureaus, your timely payments will help you get a better credit history and a higher credit score.

Apply with us for a bad credit auto loan

If your FICO score is below 640, you will probably need to apply for car loans with bad credit. The good news is that we have helped thousands of people with bad credit buy cars and reestablish their car credit at the same time.

So why not begin the credit repair process right now by filling out our secure online bad credit car loan application to see what we can do for you.

Tags: auto credit, Bad Credit, car credit, credit, credit auto, Credit Repair, credit score, fico, FICO score, tote the note

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