Poor Credit Financing Options

  1. Latest Auto Loan Articles
  2. Poor Credit Financing Options
Poor Credit Financing Options There are many options for those who have great credit when it comes to financing for a car. If you have poor credit though then it probably seems that your options are much more limited. Just because you have a bad credit score though does not mean that you are going to have no poor credit financing options. You will have less options in comparison to those with flawless or near flawless credit scores, but you will certainly not be as limited as you think.

Possibilities with Bad Credit

If you do not have an ideal credit score then you will want to know what options you do have. Many people think that because it is not going to be possible or near impossible to be approved through a bank that there will be no hope. There are many more options that should be explored. The biggest and best option that you will have is to apply for car financing online.

Applying for an auto loan online is going to be a way that you are able to get your information in front of more potential lenders. Here at FundingWay.com we have an online application that once filled out will go under review and be sent to local dealerships immediately. This will result in many possibilities for you to get an auto loan. As soon as there have been responses you will be contacted within 48 hours to discuss possible financing options. About 93% of people that apply with us are approved even with bad credit scores. There is no reason that you should not be one of them and get approved as well. Best of all this will give you an opportunity to improve your credit score for the future as well.

In House Financing

There is another option that you can choose and that will be to purchase a vehicle through an in house financing buy here pay here dealership. At these dealerships you are guaranteed to be able to walk out with a vehicle because they do not look at your credit score at all. There will however be no opportunity to repair your credit score though. Not being able to improve your credit score will only mean that you are continually stuck in this problem of bad credit. So while you will be able to get a vehicle no questions asked you will not be improving your credit background for the future. It is best to apply here at FundingWay.com that way you can get approved for a loan and improve your credit but the choice is yours.

Car Loan Auto Financing Online

Do you meet the basic qualifications?

  • At least 1 year with current employer
  • A minimum income of $1,500 per month
  • No repossesions 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