Auto Credit Express FAQs: Get Answers About Credit, Loans & Approval

Can I use Auto Credit Express if I have no credit?
Anyone can use Auto Credit Express! We specialize in helping shoppers with low credit, no credit, and bankruptcy by connecting them to the right dealership for the job with expertise in unique credit situations.

How do I apply with Auto Credit Express?
It's as easy as three simple steps. Just follow the link, fill in your information, and submit your request. Our process will connect you with a dealership in your area that has the financing options you need if you're struggling with credit issues. Get started now!

Can I apply with a cosigner or co-borrower?
Once you're in the loan application process with your connected dealer, you should be able to add a cosigner or co-borrower relatively easily. Our process doesn't account for a cosigning in the initial request form. A cosigner is typically a big help when you're struggling with poor credit, due to their better credit standing, helping to boost your stability in the eyes of a lender. A co-borrower, on the other hand, will have to fill out the entire application with you and must also meet all the lending requirements.

Can I get a loan if I’ve filed for bankruptcy?
Yes, it is possible to get a car loan even if you're in bankruptcy, but it depends on your type of bankruptcy and the lender you work with. Whether or not you're able to get a car loan during bankruptcy depends on the type of bankruptcy you're in and whether you complete it. There are two types of bankruptcies: a Chapter 7, a liquidation bankruptcy, or a Chapter 13, a repayment bankruptcy. A Chapter 7 bankruptcy is a shorter process that usually only lasts three to six months. It means the trustee sells your personal assets and then uses those profits to pay your debts. You're not likely to qualify for lending during this type of bankruptcy. Chapter 13 bankruptcy is a longer process that takes either three or five years. You're responsible for the repayment of your debts over that time. Because of the length of time it takes, it's more likely that you will need another vehicle during your Chapter 13.

What kinds of vehicles can I get through Auto Credit Express?
When you work with a dealership through Auto Credit Express, you may be able to get a new car or used vehicle, depending on your situation and the dealership you're working with. It may surprise you, but many people with less than perfect credit may qualify for a lower-cost new vehicle when they're working with the right lender for their circumstances. However, an even more affordable, reliable used vehicle like a CPO is also an option worth considering.

Do I choose the dealership, or does Auto Credit Express assign one?
If you're matched to a dealership through our process, we will provide you with said dealership. Auto Credit Express works to connect you as a car buyer with the dealership in your area that has the right lender for your situation. Since we're not a lender, we don't provide loans that you can take to any dealership, so you cannot choose a dealership at will.

Can I refinance later through Auto Credit Express?
Auto Credit Express does provide connections for those looking to refinance, and you can start the process by filling out our fast, free refinancing request form.

Do you work with students or part-time workers?
Full-time students or part-time workers may have a more difficult time being approved for a bad credit car loan due to lender stipulations outlining minimum income and employment guidelines. However, every situation is unique, and you may still qualify. Auto Credit Express accepts all requests for financing that we receive, but whether or not you're connected to a local dealership depends on the requirements of the lenders in your area.

Does Auto Credit Express have a pre-approval process?
Auto Credit Express is the preapproval system you need! When you're matched with a dealer, it's because they have programs that fit your situation and are prepared to work with people in different credit scenarios. So whether your credit is terrific or okay at best, we want to help you get connected to the right dealership for the job.

Does Auto Credit Express accept everyone?
Yes, we accept every request for financing we get, but individual loan approval is dependent on the lender you're connected with.

Is Auto Credit Express a direct lender?
Auto Credit Express is not a lender. We do not provide loans, but instead save shoppers time and money by connecting them to the dealership in their area that has the lenders who can approve loans for people with bad credit, thin credit files, and possible other marks on their credit reports, like bankruptcy or repossession.

Do I need a down payment?
The amount of a down payment always depends on your individual situation. Only your lender can say what they'll require from you. The general rule, if you can afford it, is to put down 20% of the vehicle's selling price. If you're financing through a subprime lender, they usually require $1,000 or 10% of the car's selling price, typically whichever is less. Having a down payment when you purchase a vehicle shows your lender that you're invested in your auto loan. Borrowers who make a substantial down payment are known to be more likely to successfully repay their loans. However, no matter the amount, having a down payment is one of the best things you can do for yourself when it comes to auto financing, especially if you're dealing with less-than-perfect credit. Having money down reduces the amount you're financing, which saves you money in interest charges. And, it can also reduce the time your vehicle spends with negative equity in a big way, which is important when it's time to sell or trade in your car.

How long does Auto Credit Express take to approve?
It typically takes one to three business days to get matched with a lender through a dealership in your area. The time it takes to be approved for a loan depends on how quickly the process works through the dealership once you're connected.