There are lots of websites, TV and newspaper ads that guarantee “instant car loans, bad credit”. Look out, they may not be what they seem. Several possibilities occur to me none of them beneficial to you as a car buyer.

  • They’ll promise you anything to get you in the door and be unable to deliver on their promise.
  • They’ll get you the loan with an outrageously high interest rate or terms that are not suited to your needs
  • They’ll engage in business practices which will make wish you went somewhere else.

Car loan with bad credit are a specialized form of lending. If they weren’t you could just go to your local bank or credit union and they’d gladly give you an auto loan. As you may know from experience that’s not generally the way it works. Making sure that you are dealing with people who know how to obtain bad credit car finance is important if you want a successful conclusion to the transaction.

The LoanexFastCash.com has been a source for auto financing for distressed credit for many years and has helped thousands just like you to obtain financing despite past credit problems. We not only have the connections to those specialized lenders and the dealers with whom they work, but we also provide advice to consumers who are trying to make wise financial decisions.

Instant credit approval sounds like it’s guaranteed, but if your credit score is below 540 your chances of obtaining a loan, even through our network is pretty slim. What you’ll need to do before seeking any auto financing is to obtain a copy of your credit report and your score. With these in hand you can begin the process to improve your chances of obtaining a bad credit auto loan. Check the report to make sure there are no errors. If there are, get them fixed. Next take a serious look at what you can afford. Not just the car payment but also insurance, repairs, gasoline etc. Once you have that in hand, you can begin to look for a car that suits your needs and which you can afford to operate. If you begin with a plan and follow it, your next car is waiting for you!