I have bad credit, can I get an Auto loan?

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I finished college a couple of years back and have defaulted on my student loans. Am I doomed forever? I would like to buy a new car and would like to find out if it would be possible for me to finance a car with my bad credit?


First off ask yourself do I really need a new car, and has my financial situation since improved to such an extent that I can now afford to take out and repay a loan?

If you answered yes, then there is hope for you. You are certainly not doomed forever as you mentioned in your question and there are some institutions which will help you find an auto loan even with your bad credit score. However often it can be a difficult choice to decide which bad credit lender to make use of. You now have to go about rehabilitating your credit which means you will need to get a loan and ensure you make your monthly repayments on time. A very important choice when it comes to choosing a bad credit lender is to find one that will work with you rather than against. You want to find a bad credit lender who will report your timely monthly repayments to the credit unions. This will ensure, over time that your credit rating will start to improve.

Not many bad credit lenders will do this however but there are a few. One of them is Auto Credit Financial. They are willing to give you a second chance and are willing to help you improve your credit rating by reporting your timely monthly repayments. They also offer some of the best low interest, bad credit, auto loans out there. Applying for your auto credit loan is a straightforward process and you will know within minutes if your loan is approved or not.

Another piece of advice I can give you is to try and pay off as much off your auto credit loan as quickly as you can. This will also give your credit score a tremendous boost.

I hope you found this advice helpful

Good luck





Blog posted from Traverse City, MI, USA View larger map
©Mark Hergert
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Credit Information Before You Buy


After years of delays, the credit industry finally agreed to give consumers access to their personal "credit scores." This is important, because lenders use credit scores to determine who to give credit to and at what rates. Knowing your credit score can be empowering,If it's low you can take steps to improve your credit worthiness and if it's high you may be able to use it as leverage when shopping for your next car loan.