If you need to finance a car, it can be much more difficult to get approved for a car loan if you have damaged credit. With all of the people this excludes from being able to get the vehicles they need, Auto Credit Express decided to solve this problem with the service we provide that helps you get approved for an auto loan.
A recent report from the Consumer Financial Protection Bureau (CFPB) showed that one in five title loan borrowers will have their vehicle seized by the lender, and that more than two-thirds of the auto title loan business comes from long-term borrowers.
Based on the findings of the latest report from Experian, it would seem that those with less than perfect credit who are thinking of buying a car would benefit by acting sooner rather than later. It appears that the timing is perhaps as ripe as it’s going to get.
Auto Credit Express makes the process of getting approved for a bad credit auto loan easier than ever. We help consumers get the car they need and a chance to rebuild their credit.
The S&P/Experian Consumer Credit Default Indices show that consumer credit default rates are the lowest they have been since the recession. This means that consumers with bad credit who need a car should have more success getting approved for an auto loan in this healthy and robust lending market.
When you apply for auto financing with Auto Credit Express, we ask that you please refrain from applying for credit anywhere else until after you meet with the dealership. Why? Having too many credit inquiries can be a red flag for the lenders they work with.
When you are buying a car – or making any other large purchase, for that matter – a down payment can help you build equity in it. However, the amount you provide can ultimately determine whether or not you will at any point be underwater on your car loan.