Avoid These Bad Credit Car Loans and Others

Car buyers with poor credit should stay away from any lender that requires an application fee

Loans requiring a fee

One way people with credit problems can tell if lenders are legitimate is if they ask for a fee up front to process the application.

We are aware of this here at Auto Credit Express, where, for more than two decades, we’ve been helping applicants with less than perfect credit find those car dealers that can give them their best opportunity at approved car loans.

Car Financing with a New Job

Car buyers with credit problems need to be aware of how their employment circumstances can affect whether or not they will qualify for an auto loan

Our experience

Here at Auto Credit Express, we’ve spent the last twenty years helping car buyers with credit issues find dealers that will treat them with respect while offering them their best opportunity for auto loan approvals.

Predicting High Risk Auto Loan Interest Rates

For car buyers with less than perfect credit it is usually difficult to predict an interest rate until the loan has been approved

Approved car loans

If they have any, usually one of the first questions we get from credit-challenged car buyers is what interest rate they should expect.

 

Unfortunately, after over twenty years of helping car shoppers with credit issues here at Auto Credit Express, we still can’t answer this question – even though we understand the frustration this can cause.

Meeting the Requirements of High Risk Auto Loans

Understanding a few of the basic requirements consumers with credit issues need to meet in order to qualify for an auto loan

Our own experience

If you need a car but have concerns about your credit, you should be familiar with some of the basic conditions that typically need to be met for most bad credit auto loans.

 

At Auto Credit Express we’re familiar with most of them because for over twenty years we’ve been helping car buyers with past credit difficulties by matching them with dealers who can offer them their best opportunity for approved car loans.

Auto Loans after Foreclosure

Having a home foreclosure is no longer the black mark it formerly was when it comes time to apply for a bad credit car loan

What we can tell you

Car shoppers with blemished credit histories due to home foreclosure will find that subprime auto lenders are more lenient about this than in the past.

 

At Auto Credit Express we know this is true because we’ve because we’ve spent more than twenty years helping consumers with credit problems find dealers that can arrange for approved car loans.

This includes providing an understanding of the bad credit auto loans process to prospective applicants. Not long ago, we discussed those situations that typically trigger an automatic denial from high-risk lenders. Today, we’ll touch on a situation that was formerly on the list that, for the most part, is no longer that much of an issue – depending on the circumstances.

Ford Steps Up Certified Used Car Program

Adding Carfax reports to all certified vehicles should help credit challenged Ford used car buyers

Certified used cars

Although the Ford certified used car program still does not include off-brand vehicles from other makers, the recent announcement that the company had partnered with Carfax to provide vehicle history reports is certainly a step in the right direction, especially for customers with credit problems. Here at Auto Credit Express we should know because we’ve been helping car buyers with low credit scores find new car dealers that can offer them their best opportunity for approved auto loans.

The Good and Bad of New Car Ads

Even car buyers with credit problems need to be aware of some of the more creative advertising practices of some new car dealers

 

Buying new cars with bad credit

   With the price of used cars approaching that of their new car counterparts as well as the possibility that they may qualify for one, credit-challenged car buyers need to be aware of the types of new car ads that can mislead shoppers.

 

   Most of these new car dealer tactics haven’t changed much during the past two decades. We know here at Auto Credit Express because that’s how long we’ve been helping people with low credit scores find dealers that can offer them their best chance at approved auto loans.