Bad Credit

Getting a car loan quote from multiple lenders allows you to shop around for interest rates and loan terms, but you may not be able to do this if you have bad credit.

Bad credit car loans have different requirements compared to traditional loans. Finding a lender willing to work with credit-challenged car buyers can be difficult, too.

Getting a car loan with bills in collections through a traditional lender could be difficult, and even a subprime lender may turn you down if you have a significant amount of currently delinquent debt. However, the type of bad credit you have plays a role.

Having bad credit doesn't always have to stop you from getting approved for an auto loan, but it does change how you should apply for one. With some planning and understanding, you can better prepare yourself to buy a car with bad credit.

“Maximum” is very subjective when talking about bad credit car loans. Just know it's not the time to try and finance your dream car if your credit is already suffering. Be realistic about your car buying goals and stick to a practical, reliable vehicle that meets your needs. Above all, remember, only a lender can say for sure, but there are many factors that determine how much you might qualify for.

Did you know that there are different types of bad credit? It’s true. If you have bad credit and need an auto loan, the difference between approval and denial might come down to the type of bad credit you have. Let’s look at what happens when people with two types of bad credit apply for a loan.

It can be difficult to get approved for a traditional car loan if you have bad credit because most lenders only look at credit scores. Instead, when you need a car with bad credit, you'll need to find subprime financing.

There are certain facts that all bad credit car buyers need to come to terms with. The truth is, it’ll always be more difficult to get auto financing if you’re struggling with credit issues – but it’s not impossible. Here are three facts you should be prepared to face.

Having bad credit can be a strain on your finances, but poor credit can impact your life in several other ways as well.

Well in advance of beginning your search for an auto loan, you're going to want to know your credit score. Lenders use it to decide whether or not you'll be approved, as well as to set your interest rate. So, if you're struggling with bad credit, you'll want to know the credit score needed to get a car loan.