Bad Credit Auto Loans


How Can I Improve My Chances of Getting Approved for a Great Car Loan? How Can I Improve My Chances of Getting Approved for a Great Car Loan?

Want to get good interest rates and deals on an auto loan? It all comes down to one thing: your credit rating. When you have great credit, the sky is the limit. You can qualify for great offers like 0% financing, no money down offers, and low cost leases. But when you have damaged credit, your options may be initially limited, but as long as you take steps towards rebuilding your credit, you can improve your chances for those great offers in the future.

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Flexibility Goes a Long Way When Making a Subprime Purchase Flexibility Goes a Long Way When Making a Subprime Purchase

Striving toward the purchase of a dream car but credit problems have you stuck? Long summer days often have people wishing they were cruising in the car of their dreams. Achieving this dream is possible, but for individuals with credit challenges, it may take some work first. Rather than being stuck in the mindset that you will only purchase one specific vehicle, a little flexibility goes a long way toward making your dream a reality.

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Choosing the Best Lender for Poor Credit Car Loans Choosing the Best Lender for Poor Credit Car Loans

But if your credit score falls below 640 or if you have a limited credit history and no co-signer, the issues of finding a lender and getting an approval are more difficult. There are over 30 national or regional lenders that offer a poor credit car loans and their lending requirements can vary widely. The biggest issue for poor credit buyers, however, is that practically all these financial institutions only loan indirectly. In order to request a credit decision, you'll have to submit an application through a franchised new car dealer that has signed up with them.

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