I Have Bad Credit How can I get a Car Loan ?

I have bad credit history

I need a car for work

I am working at a good job for 2 1/2 months

What are recommendations on how or where to obtain car financing ?

thank you

I Have Bad Credit How can I get a Car Loan ?

There are a lot of options out there for a bad credit auto loan

Just don%26#039;t get suckered into the scams.

A Tip For On-line Applications :

1. If there is no phone number to call to find out more information don%26#039;t fill anything out.

2.Find out as much information as you can on how the process works.

3.Try to do a background on the company your applying with(Example the Better Business Bureau) .

Application services, predominately found on the Internet, involve automatic multiple submission of financial information to potential lenders. In this case, the potential borrower fills out some in depth financial information. The coordinator of the network then forwards the information to lending sources that may be willing to make the loan. When all works correctly, the borrower hears from four lenders who then fight for the loan by competing against each other to offer the best rates and amortization. For bad credit auto loan candidates it may be more a case of one or two lenders coming forward without much fighting, but where not many sources exist this can be a great time saver.

In most of these cases, either the car dealers or lenders may contact the borrowers directly. If you don%26#039;t have a car in mind already the dealer networks may be quite helpful in directing you to someone who has an inventory of vehicles and the experience and capability of securing a loan on the vehicle you wish to purchase. If you already have a vehicle in mind and are having trouble finding a financing source the multiple submission networks may be helpful.

Even with all of these opportunities which will allow %26quot;almost%26quot; anyone to obtain vehicle financing some borrowers will fall into the category that can not. People with no down payment whatsoever and bad credit may find it very difficult getting car financing. Debtors in the middle of bankruptcy proceedings may find that financing is not available until their bankruptcy case has concluded. Others may be pleasantly surprised to find financing only to realize payments on these loans beyond their means.

Don%26#039;t be discouraged if your first few attempts at financing fail or if you have to settle for your second or third choices of vehicles. With perseverance, and if needed a little polishing up of your tarnished credit, you should be able to obtain safe and reliable transportation despite a previous bout of bad credit or bankruptcy.

~Hope that Helps ~

I Have Bad Credit How can I get a Car Loan ?

well the better question is how did you get bad credit in the first place? if you got it by reasons that involve a car payment, then a loan is pretty close to impossible if not then look at different banks and different car companies for suggestions

Good Luck Buddy

I Have Bad Credit How can I get a Car Loan ?

It took me some time- a couple of years

a divorce can really take a whack out of your before stable financial situatun

I had to work it out and create a new create history - of stability

Almost as if I was a new widow without any credit history

A lady at this company helped me out a fair amount

http://www.secondchancefinance.ca

I Have Bad Credit How can I get a Car Loan ?

THERE ARE MANY PLACES THAT WILL FINANCE YOU BUT THE QUESTION IS ARE YOU WILLING TO PAY A VERY VERY HIGH INTEREST RATE.

I Have Bad Credit How can I get a Car Loan ?

Try this site. It has bad credit car loan information. If you need a new loan, it might be of some help to you. The loans on some of the dealers are outrageous, however (just telling it like it is), so shop with caution:

http://carmu.info/drive/car/gmac/bad-dal...

I Have Bad Credit How can I get a Car Loan ?

I would try second chance

www.secondchance.ca

There were some people there that since i had a job helped me to work out my credit problems

I needed a car to get to work as the office was not on a bus route