Vehicle shoppers with damaged credit frequently want to know if there is a quicker way, other than taking out a car loan, that they can raise their FICO scores.

Car buyers with problem credit that are currently financing a vehicle with a high risk car loan sometimes discover that by refinancing through another lender they can lower their loan payments and free up additional cash.

Speaking of bad credit cars, the one area that horrible credit auto loans buyers need to pay attention to is vehicle maintenance – something that's very important, since a number of repossessions result from car breakdowns. After all, who wants to continue making payments on a vehicle that doesn't run?

Poor credit car loans should be used to finance a compact or midsize car to save on interest, car insurance and gas expenses. Financing for the shortest term possible means you'll be in a position to re-finance or purchase a different vehicle at a lower interest rate sooner. Because of this, most credit-challenged consumers will pick an affordable used car. But there is another option - an inexpensive new car.

As with anything else, the key to a successful second chance car loan is focusing on the basics. In this case, this means being aware of lender requirements for an equity down payment on the loan including equity in your trade in vehicle.

The type of bad credit you have is as important as your FICO score if you are applying for a subprime car loan.

Here at Auto Credit Express, we had a question from a customer the other day regarding a Sign and Drive car loan with bad credit…