Bad Credit Auto Loans
Bad credit auto loans is a topic that lot’s of websites try to teach you about. Unfortunately they are being paid a commission by bad credit loan companies to say the things that motivate you to give them your personal information.
They are hoping that enough people will apply for a loan with them that a few will actually get the loan while you get turned down and have another inquiry on your credit report.
If you are in need of auto financing and have a low credit score, then you may feel like you are desperate to do whatever you can to get a car loan. This is not the time to let hyped up advertising convince you to give your personal information while promising to get you the car of your dreams.
Do You Have The Auto Financing Blues
If you have bad credit there is an alternative. We have a program that will help you get that car you need. Auto financing for people with bad credit can be a tricky experience. You will always have to pay a higher interest rate and there are dealers that will sell you cars that are not in the greatest condition. As long as you meet a few simple criteria, not only can you buy a newer, nicer car, but your credit score will improve every month you pay your car loan on time, because we report these good payments to the credit bureau.
Bad Credit Auto Loans Checklist
Not all bad credit auto loans are created equal. If you have a low credit score and are in need of auto financing then run down the checklist below and see if you have what it takes to get a newer, nicer car, right now.
Do you have the following?
- Phone Bill in your name (no pre paid allowed)
- Electric Bill in your name and address used on application
- Solid job time (no gaps in employment within 2 years – preferably the same job)
- Solid residence time (the longer the better – 2 years is best)
- Down Payment (not less than $2500 – if you have less ask me what we can do to help you)
- 10 References (Name, address, phone number and relation – must be complete)
If you have the items listed above then you are well on your way to getting a car loan that will get your credit moving in the right direction as long as you pay on time every month. Also, most loans you get with us will include a warranty for the car you get, so you don’t have to worry about paying out alot of money if something happens to the car and it needs to go to the shop.
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