Although it may look similar, an ITIN is not a Social Security Number. Since anyone with an ITIN is not eligible for an SSN, these consumers are also not eligible to take out a loan here in the U.S.
Continue ReadingAlthough it may look similar, an ITIN is not a Social Security Number. Since anyone with an ITIN is not eligible for an SSN, these consumers are also not eligible to take out a loan here in the U.S.
Continue ReadingWhile the best things in life are not always free at least in this case it happens to be true even for car shoppers with problem credit that want to know where they stand before applying for an auto loan.
Continue ReadingCar shoppers with less than perfect credit that get paid under the table often don't understand why this practice might prevent them from getting approved for high risk car loans.
Continue ReadingIf you have bad credit, getting approved for an auto loan involves a different process. The lenders that work with applicants with poor credit evaluate many factors, including your credit, income, and employment situation when determining whether or not you qualify. Believe it or not, your employment status is going to play a role.
Continue ReadingIt'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.
Continue ReadingThey'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.
Continue ReadingThe 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.
Continue ReadingWe 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.
Continue ReadingCar 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.
Continue ReadingIncome requirements for an auto loan can feel like a black box. Lenders are happy to take your data and plug it in, but aren't always clear what matters to be approved. Today we look at how you make your money matters.
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