Loan Guide & Debt Repair Articles
 Home Page
 Loan Blog
 - Mortgage Loans
 - FHA/VA Home Loans
 - Bad Credit Mortgage Loans
 - Mortgage After Bankruptcy
 - Refinance
 - Refinance After Bankruptcy
 - Bad Credit Mortgage Refi
 - Home Equity Loans
 - Bad Credit Home Equity Loan
 - Refinance Home Equity Loan
 PayDay Loans
 Credit Counseling
 Debt Consolidation
 - Bad Credit Debt Help
 - Tax Debt Help
 Auto Loans
 - Bad Credit Car Loans
 - Car Loan After Bankruptcy
 - Refinance Car Loan
 Personal Loans
 Student Loans
 Credit Cards
  - Bad Credit Credit Cards
 Loan Calculators
 Credit Help


Poor Credit Auto Financing - Getting Approved For an Auto Loan with Poor Credit

Getting approved for an auto loan with poor credit may be easier than you think. Auto loans are different from unsecured lines of credit because they use the car as collateral. If you are unable to make your monthly payments, then the creditor has the right to repossess the car.

Apply with our Recommended Auto Lenders:

Automotive - Vehicle Loans
    - Bad Credit is OK!
    - Get approved even if you have previously been turned down.
    - Get approved with the most severe credit problems.
    - Past bankruptcy or foreclosure? You may still qualify!
These automotive loan experts will also provide you with a response in just a few minutes. You won't have to wait long to find out if you've been approved!

MyAutoLoans-MAL-Another Great Auto Lender
    - Looking to reduce your car payment on an existing loan?
    - Your BAD CREDIT is OK!
    - Get approved even if you have previously been turned down.
    - Get approved with the most severe credit problems.
MAL offers quick and easy refinancing at no-cost. Compare loan offers side by side. Instant response!

Roadloans Auto Purchase Loans RoadLoans is a premier auto loan site that we recommend with confidence.
    - Fast and Easy Process - Apply today. Shop today.
    - Multiple financing options to fit your budget.
After a quick application, once approved, customers download their RoadLoans Voucher to carry to the dealer, which allows them to negotiate like a cash buyer. You can even get cash-out refinancing!

Low interest car loans are available for customers with existing loans. Here you can find lenders to help you refinance your car loan or adjust the term of the contract.

When getting a new auto loan, make sure you line up your financing before you visit a dealership. Once you have your financing in place, you give yourself an advantage when working with dealerships or sellers.

Let's face it, even people with bad credit need a car to drive. If you can't get to work with mass transit, you need a car. Auto Lenders are willing to make that gamble with you because they have the car as collateral. Some of the best, most reputable names in the auto lending industry are found right on ABCLOANGUIDE. Take a look at what they can offer you as a borrower.

Get a FREE discount New Car Quote!

Dealer Financed Auto Loan

There are several options for obtaining an auto loan. Many small, local, or used car dealerships offer buy-here-pay-here financing. You finance the vehicle through the dealership and send them your monthly payments. These programs are often less selective about the candidates they approve for financing, but they also generally charge very high interest rates.

Bank Auto Loan

Another option is to obtain a loan through your personal bank. If you have a good history with the bank (few to no bounced checks or account overdraws), and you can prove that you are capable of paying back the loan, they may offer to finance your purchase.

Most of the larger dealerships have banks that they work with exclusively. If you chose to finance through their banks, a loan officer will walk you through all of the paperwork. You can attempt to negotiate the terms of the loan prior to agreeing to make the purchase, but you cannot be sure that you are getting the best deal. Most large dealerships will charge higher interest rates so that they make a profit off of obtaining financing for your purchase.

Online Auto Loan

Perhaps the most active and selective means of obtaining an auto loan is to request quotes through an online database. Many companies have websites that are partnered with several loan companies who will consider your credit, income, and work history, and then present you with the terms of the loan they are prepared to offer. These services allow you to compare loans side-by-side and choose the one that offers the best terms.

If your credit is so poor that you have to accept a less-than-desirable loan offer, then make sure to always make your payments on time. Your credit score will improve with each timely payment. With one year's worth of good credit reporting, you should be able to refinance your car and obtain better loan conditions.

Loan Articles

Car Loans for All Credit Types - 99% of Applicants Are Accepted even with Bankruptcy