If you are buying a car then there is one thing that you are going to need just about every time and that is going to be an auto loan. Getting car financing though will not be the easiest thing to receive if you have not so perfect credit. In today's tough economic world it is becoming more and more rare to find a person with a good credit score, but unfortunately lenders are not becoming any more lenient on applicants. There are times though where it is possible for you to receive a loan with damaged credit depending on where you apply. They will typically though have budget requirements that may throw you for a loop.
Our requirements are very basic and will be listed below here:
Figuring out if Your Budget Matches
Making sure that you meet the standards set by the bad credit provider will be essential otherwise you will most likely get denied for the loan. It is going to vary greatly depending on the different places, but typically there will be some general consistencies. For example purposes, we exist to help not only educate people on how to get approved for an auto loan with a poor credit score but to also get them here. We do not provide loans, but with our application you can be set up for financing through lenders in your area easier than ever before.Our requirements are very basic and will be listed below here:
- At least 1 year with current employer
- A minimum income of $1,500 per month
- No repossessions within the last year
- Any bankruptcies must be discharged
- Money down may be required, but not in all cases
- Must be a current resident of the U.S. or Canada