Here’s a saying I’ll always remember, “Everyone is the author of their own credit report.”   Things happen in life, especially these days. But the fact is, if you have missed bills, foreclosed a home, lost a job or faced medical situations--like millions of people in this country—you’re looking for auto loans with poor credit. 

So here’s what you need to do. Before you start applying for bad credit auto loans online, or anywhere else, you need to know the extent of your credit problems – exactly.  That means knowing your credit report and credit score.  I can’t stress this enough.  Get it now. 

Your best option for auto loans with poor credit - Apply Now

Once you know your credit score, depending on where you stand you have some options.  If your credit score is 575-675 and you have verifiable income, in my opinion, the best option is to get a bad credit auto loan online from a direct lender, like Road Loans or myAutoloan.com.  I have done business with both of these companies and they are good options for direct-to-consumer auto loans for poor credit.

Auto Loans with Poor Credit at a Dealership.

The most common method for obtaining auto loans with poor credit is to purchase from a dealership.  Dealers have access to hundreds of bad credit auto loans online through special indirect lending systems, and many specialize in assisting people in poor credit situations—for a price.

It’s a fact of life. If you have very poor credit, you likely will need to adjust your expectations on the type of vehicle you purchase and will initially pay a higher interest rate on your auto loan. But if you do your homework beforehand, finance a low priced, recommended vehicle (see consumer reports) and pay on time, you can think about refinancing your auto loan and start getting yourself right again in a matter of months.  You can apply for a loan with a dealership that specializes in auto loans for poor credit in your area here.

The most important thing you need to know about bad credit auto loans.

It’s simple.  Know your credit situation.  If you go in blind – you lose.  Dealerships make money on the difference between the interest rate the financing source gives them, and the rate they give you. This can be a big difference, and you pay for it.  If you don’t know your credit score, you’re a sitting duck – get your credit score now