BAD CREDIT AUTO LOANS

Poor credit? No problem. Liberty Auto Loan can help you.

Liberty Auto Loan:
Your national connection source for bad credit car loans.

If you have credit problems, a low credit score, bankruptcy, repossessions, and other negatives on your credit report, you may not think you can get vehicle financing or a bad credit car loan. But that’s not necessarily the case. Liberty Auto Loan has a nationwide network of lender and dealer affiliates who are in the business of helping consumers with less-than-perfect credit get the car and the financing they need.

The truth is that many people in the nation are facing credit challenges and problems in this modern day. In fact, sub-prime car lending (auto loans for people with bad credit) have reached record levels in the past few years. It’s nothing to be ashamed of and most of the affiliates in our network are experts in helping people with credit challenges. Our program is designed to help people get connected with a lender or dealer affiliate who can help them – and not have to run all over town getting turned down by dealers or banks who simply don’t have the expertise to help them. If you’ve been looking for an auto loan and you have bad credit, we may be able to help you too. Just take a few minutes to fill out our safe and secure application. We’ll get it in the hands of one of our affiliate partners who will contact you and try to assist you. And remember – our service is totally free with no obligation on your part at all to work with the affiliate finance specialist who contacts you.

Tips for Applying for an
Auto Loan with Bad Credit.

It’s time to start shopping for a new or used car. You’ve done your research, you’ve found the type of car you’d like to buy, and now you’re shopping around for a lender to help you make it happen. The only problem is that your credit isn’t exactly the best, and it’s proving difficult to find a lender that’s willing to play ball without charging an exorbitant interest rate. What do you do?

First things first. The CFPB (Consumer Financial Protection Bureau) advises car buyers to take a close look at their financial situations before shopping for a new vehicle. Once you’ve gone over your personal situation and decided that purchasing a vehicle falls within your budget, your next step is to pull your credit reports to see what kind of picture your lenders will be seeing.

Basic Lender Requirements
for Bad Credit Car Loans…

It shouldn’t come as much of a surprise that receiving approval for financing becomes more challenging when your credit is less than perfect. However, that difficulty shouldn’t dissuade you from shopping for a new vehicle if you’re able to afford it. In order to more efficiently filter potential applicants, most lenders have a stringent set of standards that their borrowers must meet before being considered for a loan. It’s a good idea to make sure you are able to meet as many of these standards, if not all of them, before attempting to jump into the marketplace in search of a new car.

Have Bad Credit? What you can do to change it…

Whether due to circumstances beyond your control or because of a series of bad choices, you’ve ended up with a credit score that makes it less likely for a lender to be able to provide you with auto financing. So, what do you need to do improve your credit for future financing opportunities?

Surprisingly, a subprime car loan can be a great start but with caveats. Foremost among them is only actually purchasing a vehicle that fits comfortably in your budget. Being able to pay your bills on time is the primary component affecting your credit score so being able to pay your car payment on time every single month without fail can go a very long way to improving your credit health.

Only slightly less important than on-time payments is how much you owe on other accounts. Lenders want to see that you haven’t bitten off more than you can chew and will still be able to handle your payments on time with the added pressure of an auto loan.

How to Buy a Car with Bad Credit

When working with bad credit, there is one primary hurdle that you’ll have to get past initially in order to get an auto loan: the application. With many lenders, their applications will automatically drop/disqualify anyone who has a credit score that’s below a certain marker. So, it’s typically best to find lenders who specifically state that they approve bad-credit loans or use a service like Liberty Auto Loan that can connect you with several bad-credit lenders who are ready and willing to work with individuals with poor credit. The truth is that a low credit score does present more challenges for buying a car, but it doesn’t mean that you absolutely can’t; there is still potential depending on your situation and the lender you find. You will have some extra and/or different steps that you’ll have to take, but to drive your own car, most people would consider the extra effort more than worth it.

Oftentimes, there are subprime, auto-loan lenders who are willing to work with people who have not-so-good credit. They look at other factors that can qualify a person for receiving a loan; factors like current and past employment along with current income level. And, they’ll look at why your credit is where it is as opposed to just seeing the number and saying no. Finding one of these lenders is your first step in the car-buying process.

As someone who currently has bad or low credit, it’s important to reframe your thinking on car-buying as you enter this process. Your primary goal is to get a usable, trustworthy vehicle, so, your research does not start with looking up the exact vehicle you want; it starts with figuring out your budget and finding out what financing is available for you. Then, once you get a bad-credit car loan in place, you can begin looking for a vehicle that will best serve you.

The benefit of using a consumer-connection service like Liberty Auto Loan is that the initial research for lenders is done for you. Plus, with Federal, you know that your information will be passed onto dealers/lenders who will at least review your application. Federal doesn’t reject or disqualify any legitimate applications. We make sure your information is passed to lenders that fit your situation regardless of how low your credit score may be.

It’s always best to have multiple options in any buying situation, including the auto loan market. By having more options, you get to decide, you do not have to work with one dealer because they’re your only choice. With Liberty Auto Loan, we make sure your information gets to multiple dealerships/lenders in your area whenever possible.

Then, your ability to have multiple options depends on if one or more dealers review your application and choose to approve you. Unfortunately, we can’t guarantee approval, but we can guarantee that your information will be passed on for review. You get to start with a door open as opposed to shut in your face with one glance at your credit score, and we know that’s a welcomed change for most bad-credit car buyers.

How to Buy a Car with Bad Credit

When working with bad credit, there is one primary hurdle that you’ll have to get past initially in order to get an auto loan: the application. With many lenders, their applications will automatically drop/disqualify anyone who has a credit score that’s below a certain marker. So, it’s typically best to find lenders who specifically state that they approve bad-credit loans or use a service like Liberty Auto Loan that can connect you with several bad-credit lenders who are ready and willing to work with individuals with poor credit. The truth is that a low credit score does present more challenges for buying a car, but it doesn’t mean that you absolutely can’t; there is still potential depending on your situation and the lender you find. You will have some extra and/or different steps that you’ll have to take, but to drive your own car, most people would consider the extra effort more than worth it.

Oftentimes, there are subprime, auto-loan lenders who are willing to work with people who have not-so-good credit. They look at other factors that can qualify a person for receiving a loan; factors like current and past employment along with current income level. And, they’ll look at why your credit is where it is as opposed to just seeing the number and saying no. Finding one of these lenders is your first step in the car-buying process.

As someone who currently has bad or low credit, it’s important to reframe your thinking on car-buying as you enter this process. Your primary goal is to get a usable, trustworthy vehicle, so, your research does not start with looking up the exact vehicle you want; it starts with figuring out your budget and finding out what financing is available for you. Then, once you get a bad-credit car loan in place, you can begin looking for a vehicle that will best serve you.

The benefit of using a consumer-connection service like Liberty Auto Loan is that the initial research for lenders is done for you. Plus, with Federal, you know that your information will be passed onto dealers/lenders who will at least review your application. Federal doesn’t reject or disqualify any legitimate applications. We make sure your information is passed to lenders that fit your situation regardless of how low your credit score may be.

It’s always best to have multiple options in any buying situation, including the auto loan market. By having more options, you get to decide, you do not have to work with one dealer because they’re your only choice. With Liberty Auto Loan, we make sure your information gets to multiple dealerships/lenders in your area whenever possible.

Then, your ability to have multiple options depends on if one or more dealers review your application and choose to approve you. Unfortunately, we can’t guarantee approval, but we can guarantee that your information will be passed on for review. You get to start with a door open as opposed to shut in your face with one glance at your credit score, and we know that’s a welcomed change for most bad-credit car buyers.

Get your auto loan today!

We take the hassle out of bad credit auto financing.
Get your new or used car today!

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read more