Consumers with bad credit often either don't know the different types of credit scores, what these numbers mean or even what their credit scores or even what they are before applying for an auto loan.

Applicants for auto loans that have poor credit often pose the question how does auto leasing work and want to know if there is a chance they might qualify for this type of financing.

There is certainly nothing wrong with a lease to own vehicle if a borrower's credit is really bad and they have no other alternative. On the other hand, if they can qualify for a subprime loan, the advantages include newer vehicles with lower miles, vehicle warranties that often cover the entire loan term and the chance to reestablish their credit and improve their credit scores.

Subprime lenders set minimum income levels to give borrowers the best chance to reestablish their auto credit by creating a realistic budget for their car payment.

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 waiters, waitresses, or anyone else that depends on tips for much of their earned income.

Have you ever wondered about those advertisements for no credit check auto loans, easy credit car finance or no income car loans? At least in our opinion borrowers with less than perfect credit might want to consider something else before clicking on the link or picking up the phone.

Consumers, especially those who are credit-challenged, need to know the difference between gross income and net income. While net income is the amount that appears on your paycheck, it's the gross income amount, what you are paid before taxes, that subprime lenders want you to enter on the application.

The New Year brings with it, in many cases, additional requirements for subprime auto loans. This means that borrowers with credit issues should typically be prepared to furnish the previous year's W-2 in addition to their most current pay stub.

Most subprime lenders will consider income from a part-time job, as long as it meets their minimum requirements. However, borrowers with poor credit should keep in mind that no matter how many part-time jobs they have, the qualifying part-time income must come from just one of those jobs.

Ever wonder about those advertisements for no credit check car loans, easy credit auto finance or no income auto loans? If you're someone with questionable credit, before clicking on the link you might want to consider an alternative solution.