It's easier to understand the reason higher-risk lenders have employment requirements if you know the three basic requirements they look for in an applicant – ability, stability and willingness to pay.

Subprime lenders will typically allow overtime pay to be added to an applicant's regular pay if it can be proven that the overtime pay exists and that it is consistent over time.

They're also called tote the note financing or your job is your credit car loans. But however it's worded, it refers to car lots where the dealer furnishes the car loans for the vehicles on the car lot.

The cost of new vehicles being what they are, most poor credit auto loan customers will choose a low-mileage used car. But, there are a number of people who may find that financing a new car with a problem credit auto loan could be more affordable than they might have thought.

We have been in the bad credit car loan business long enough here at Auto Credit Express to realize that one of the most difficult approvals to receive is for credit challenged consumers who are self employed, or anyone else that depends on a form 1099 for their earned income.

Car buyers who are responsible for or receive child support income need to know, beforehand, how this might affect their chances for a car loan approval, especially if their credit is less than perfect.

But if you have bad credit and all or a portion of your income comes from disability or SSI payments, anyone other than a buy here pay here dealer even consider your application?

Its difficult enough getting approved for a regular car loan if all or some your income comes from disability or SSI payments and it's even harder if you're trying to get approved for a bad credit auto loan.

Car buyers that have experienced problem credit and whose income largely relies on tips typically face a number of problems when applying for a car loan.

But one thing that pushes many poor credit buyers to in house financing dealers is how they're paid. While many should be receiving a W-2, they're employed by individuals that are trying to avoid paying payroll taxes.