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Once you've been approved for a bad credit auto loan from a dealer, you'll need to decide whether or not you need or want credit disability insurance.

Credit disability insurance is designed to cover your car payments if you become sick or injured and are unable to work. The monthly premiums are based on the amount financed and the type of coverage you choose. The cost is then added to the loan amount and included in your monthly payment.

You have to decide for yourself if it's worth the cost. Here are some advantages:

• Peace of mind - your car payments will be covered if you become either temporarily or permanently disabled.
• Easy to pay - the insurance payment is rolled into your monthly car payment so there is no separate insurance premium to pay.

Some disadvantages include:

• Cost - in many cases, these policies can be more expensive than if you were to take out a separate disability policy for the loan amount.
• Interest expense - since its part of the loan, you'll be paying interest on the policy charges every month - something you wouldn't have to do with a separate disability policy.

So before you decide, you might want to examine the costs versus the benefits of having Credit Disability Insurance.

At Auto Credit Express we help people with bad credit find a dealer that can give them their best chance at an approval for a new or used car loan. If you're serious about getting your auto credit back on track, you can begin now by filling out our online car loan application now.