Payday Loan Fairy

Does anyone know of a list of lenders, banks or financial institutes that finance auto loans for people with bad credit. example. maybe you were approved or know someone who was. if you can reccomand legitimate or was able to actually get financed with bad credit please share.

Finding a bad credit auto lender take a little bit of work to find the right one. When looking to buy a new or used car, the dealer may offer bad credit financing, or refer you to a lender. Car buyers should consider arranging their own financing. Bad credit auto loans are simple yet complicated and some lenders will try to take<!--advantage of you. It helps to know your available options.Before applying for a car loan, try to get a copy of your personal credit report. Lenders base approval on your credit score and credit history. Some lenders classify sub prime borrowers as persons with scores below say 700. On the other hand, another lender may qualify a borrower with the same score for prime rates.

http://best-loans.awardspace.com/autoloans.htm

http://best-loans.awardspace.com/auto.html

Unless you have a 700 or higher credit score, it might be a good idea to look at your credit report and see what you can do to improve your credit score. A 700 score will get you the best rates at the best loan terms. Any credit score higher will not change what a lender can offer you, since you will already qualify for the best loan deal. Where you will start having trouble is if you fall below a credit score of 700. When you fall below-->lenders see you as a risk and will start charging higher interest rates in order to offset the risk.At this point your only options are to seek a bad credit lender or get to work on fixing your credit score. There are a number of quick things to do to improve your credit rating and get the loan you need at the rate you want.

2008-05-30 22:07:29 by Tate .

I went to a few car dealerships, but no one will approve me because I only have a 505 credit score. They said the only way is if I can get a cosigner.. which I dont have one. Does anyone know if there are companies or car dealers that deal with just bad credit car loans?

There's a great site that offers car loans & quotes regardless of credit. http://www.surveyking.net/cars

They also offer credit help, downpayment assistance, and much more.

2008-03-30 22:05:08 by siemprecali07

I'm interested in a private loan company that specializes in bad credit auto loans. I do not want the type of loan where they refer you to 20 different dealers. I already have a vehicle in mind through a private seller. How can I just get a bad credit auto loan that has no referrals for dealers???

Thanks
Scotts Lisa, you're a SCAM artist! Let me guess you're in Nigeria too, right??

Your best bet is to try a couple of online lenders. I have used lendingtree.com before and they were very good. You fill out one application and they shop it to 4 lenders who are likely to approve you. If Lendingtree does not get an approval, go to capitalone.com or drivetime.com.

I stress to only go to Drive or Cap AFTER applying at lendingtree. The last 2 specialize in bad credit loans, and will hit you with a higher interest loan. If Lendingtree cannot get an approval, they are the next-to-last choice. Last line of options is the buy here/pay here lot.

Try the online soureces firts, lets see how they work

2008-08-19 22:03:36 by thinkpink82981

We get bad credit auto loan e-mails, apply and never hear anything back. Even the guaranteed auto loans.

2008-05-27 22:15:20 by Jertar

I have heard that Capitol One approves auto loans for people with poor credit for purchases from a private seller. But I don't want to apply and get denied, which will damage my credit even further. Can anyone give me any ideas about this or know of any companies that are guaranteed to give bad credit auto loans to people who want to purchase from a private seller, not a dealer?

that's hard to answer because having bad credit is really preventing you from having alot of options

i think its important to improve your score before digging into more debt

if you have a car just try to hang on to it until you are in a better financial situation (better score)

good luck

s

2008-02-16 07:51:02 by Lollipopgirl123

I have bad credit but no major issues like bankruptsy, child support or anything like that....I make great money and am trying to re-establish credit...I know there are banks out there tied to dealerships that will finance me but I want to buy from a private owner and go directly through an independant bank. I plan to put down about 50% cash? Please help!

You may want to search the net for banks in your local area that may offer auto loans for people with problem credit! You may have to call and ask that bank! Explain you situation about you credit! Sometimes if you explain your situation in advance and your credit report shows that you have been proactive in taking care of finances , they might finance you! Especially with a down payment. You just have to find the car you like! Right now the economy weak, and many banks are lury giving out loans! It is all about your debt, credit score, and your earnings. However, finding the right business is the key. Therefore, you might even consider getting a private loan to finance the other 50% part! ( Capital One or Wells Fargo, CitiFinancial etc...) Or the other option is to buy a good use vehicle! There are some out there 2000 'year plus and up prices 6,000 thousand plus. It just depends on the condition and miles. Dont forget to get a internal report on the car to check if it is lemon, how many owners had the car or been in any accident!!! There are many vehilces out there use you just have to search! With hard work, determination and research you can find the rihgt one! It just take patience and time! Look in the Newspaper ( priavte owners), e-bay, even look at local bank for cars they are selling!

Hope it helps,

T.Y. :)

2008-03-16 07:00:28 by SlipSlap