Creating Communities. Connecting People
Welcome, Guest      Bookmark and Share
 
 
Tell a friend about this site Invite    
 
Guaranteed Approval on Bad Credit Auto Loans with Low Rates and No Down Payment - RSS feed - Add to Google

Tue, Dec 4th - 2:21AM

Strategies to Get Low Rate Car Loans Even When You Have a Bad Credit Score

Facing constant rejection because of your bad credit history? Do you believe that low interest rates are just reserved for people with good credit? Do you think buying a car is just a distant dream for you?

Well, this piece of information can provide you relief and substantially increase your chances of getting an affordable auto loan. Last month Reuters ran published an article titled, ďCar lenders ease credit standards and terms to spur loansĒ. It mentions that lenders consider car loans safe in comparison to mortgage and credit card loans. Also, lenders are now offering lenient credit terms due to weak credit demand. One of the credit bureaus, Experian, mentioned that percentage of new car loans for bad credit borrowers increased by 11.4% this quarter compared to last year. This means people with bad credit can even buy a new car without any trouble.

So, getting bad credit car loans has become possible today. There is no better time to buy the car of your choice. But, are you still unsure of getting an affordable car loan? If you are still in doubts, make use of these strategies and not only get instant approval on your bad credit car loan but also avail the lowest possible rates.

Preparation Is the Key

Buying a car is major decision because you spend your life-savings on it. It is a commitment of making regular payments. You just cannot go to a dealer without thorough research. So, before purchasing a car or applying for an auto loan, here are few important things that demand your attention.

Clean-Up Your Finances First

Whenever you want to buy a car, do not just rush into the decision. You must sign the dotted line only after you are sure of what you are getting into. There have been instances where lenders have duped innocuous borrowers on the pretext of bad credit score.

It is always important to study your credit report before visiting the lenderís office. You can get a free annual copy of your credit report from annualcreditreport.com. Study all the entries and dispute for any unwarranted transactions and errors. It is a known fact that credit bureaus commit mistakes while calculating your credit scores. You can improve your credit by removing all the errors. Also, start making payments on your debts. Even if you can pay-off a few of your debts, it will have a positive impact on your credit score. Doing all this requires time and thatís why you must comprehensively plan your car purchase and avoid a hasty decision.

Down Payment to Down Your Rates

The initial upfront amount that you pay for buying a car can be a useful way of reducing interest rates. Making a substantial down payment of ten to twenty percent can lower your loan amount and thus, the lenderís risk. Also, the lender will be assured of your financial stability. This will definitely bring down your car loan cost.

Co-Signer Ė A Comforting Thought for the Lender

When you have someone to co-sign your car loan contract, the lender is assured of his money. This is so because he can get it from the co-signer if you miss out on payments. Finding a co-signer is a bit tough but if you can manage one, it would work wonders for your car loan.

If you just cannot find a co-signer, you can avail auto loans without co-signer which come with slightly higher interest rates. Nonetheless, it is important that you exhaust all your options before opting for no cosigner car loans.

Online Bad Credit Auto Loans - A Better Option

An online bad credit car loan offers you the option of getting an auto loan without leaving the comfort of your house. You can apply by logging in to your computer. Online car financing companies are a perfect choice because banks do not entertain people with poor credit. To avail money from a credit union, you need to be its member. When you apply for a car loan from an online bad credit auto financing company, you have the option of comparing several auto loan quotes. This is not possible when you avail dealership financing.

Also, online car financing companies work with several subprime auto lenders which make it easier for them to process your auto loan application. This drastically improves your chances of getting a low interest bad credit auto loan.

How to Choose Your Bad Credit Car Loan?

Choosing a bad credit car loan is easy if you carefully read the vehicle loan contract. It is essential that you do not just focus on low interest rates, but instead look at the bigger picture. Calculate Annual Percentage Ratio (APR) which will tell you the interest rate for a whole year instead of the usual monthly rate. It also considers fees like loan origination fees and other miscellaneous expenses which will give you a better idea of the cost of car loan.

Check for any pre-payment penalty because it can significantly increase your expenses if you decide to pay-off your loan early. Ensure that the lender is a reputed name in the auto financing industry.

A little bit of caution can take you a long way in securing the best auto loan option. Bad credit is never an issue if you know how to tackle it. These strategies and important cues will help you get easy approval on your car loan application.

Remember bad credit is just your history; it is in your hands to write your future. Go out there and turn your car dream into reality!

Rapidcarloans.net firmly believes that bad credit history should never become an obstacle in buying a car. We offer bad credit car loans at competitive rates to buy new as well as used cars. Apply today and forget all about your poor credit score!


Comment (0)


Tue, Dec 4th - 2:20AM

Used Car Auto Loans Ė Best Choice for People with Bad Credit Score

Are you interested in buying a used car but worried about your bad credit score? What if you are told that bad credit can no longer be a problem in getting such loans? Gone are the times of constant car loan rejection because of poor credit score. This article will let you know ways to enjoy lower rates on your car loan as well as help you improve your credit ratings.

Used Car Loans - Perfect for Bad Credit Borrowers

Auto loans for used cars are brilliant for someone with a bad credit score. The logic behind it is that used cars are relatively cheaper than new cars. So, the total loan amount reduces significantly. When you have lower auto loan amount, it becomes easier to pay-off the loan. Thatís how you donít need to put in extra efforts for improving your bad credit score.

How to get approved for Bad Credit Used Auto Loans?

Cars are not only a major investment but also an essential element of American life. When you buy a car, you make a commitment. So, it is important that you are prepared for it.

Ascertain your Financial Capacity

For buying any car, you need to be sure of it financially. You cannot buy a used car without thinking about auto loan payments. So, prepare a budget by calculating your income as well as expenses. Once you know how much money you can afford to spend on monthly payments, you will find it very easy to choose a car.

Reliability is the Key

Donít buy a car just because it looks good. Buy a car because it works good!

It is extremely essential that you choose a reliable and efficient car because car purchase is not like buying coffee from Starbucks. You donít do it every day. So, choose a car only after inspecting it thoroughly. Ask your trusted mechanic to inspect it. Also, check the car title and ensure that it is clean.

There is no harm in buying a car from private seller, but make sure that you know all about the car. Also, remember that when you buy a used car from a non-dealer option, opt for a private party auto lender that deals with subprime credit.

Checklist of Documents

Lenders require documents so that they have a written proof. Although every lender has different criteria of documents, these are the most common ones:-

>> Your Credit Report

>> SSN

>> Income and Employment Proof- Recent pay stubs can be used

>> Documents related to your Credit/Banking History - Bank statements, credit card details, etc.

>> Utility Bill

>> Car Title

>> Odometer Statement

>> Carís purchase price, VIN, year of manufacture, car make and model.

It is quite possible that your lender may ask for an Employment Verification Letter from your employer. So, be ready for it.

Choosing the Right Lender

You must search for a lender who specifically deals with bad credit and gives you the much needed second chance for improving your credit score. You can make use of the internet to search for a subprime lender or a used car financing company. Donít forget to ensure that the lender is reliable.

When you are prepared for a used car loan, lenders and dealers will know how serious you are in getting approval. When lenders will be very much sure about you, getting an auto loan for older car wonít be a trouble for you.

You may have been tired of ceaseless rejections from lenders and dealers. Being a high risk credit borrower is the reason for it. But, you can fight this problem by lowering the credit risk associated with you. Use the tips and information mentioned in this article and get ready for bad credit used car loans with low rates.

Best of Luck! Grab that second chance of improving your credit score and drive your car today!

Rapidcarloans.net is a reliable bad credit used car financing company that offers lowest rates on used car loans. It has several years of experience in providing car loans for bad credit borrowers. Apply now and get the benefit of free no obligation car loan quotes!


Comment (0)


Tue, Dec 4th - 2:20AM

How to Secure No Money Down Auto Loans for Bad Credit Borrowers?

As cars are becoming a necessity for us, the importance of auto loans is rising. When someone applies for a car loan, itís obvious that he has no ready cash for buying the car. This means making a down payment also becomes difficult. The good news is that you can avoid money down by opting for no down payment car loans. This car financing program is perfect for everyone including people with bad credit.

Is it Possible to get No Money Down Auto Financing with Bad Credit?

Yes. You can easily get approved for no money down auto loans with poor credit. All you need to do is ensure the lender of his financial investments. If he considers you a less risky credit borrower, instant approval and guaranteed low rates will be a reality for you.

How to get Guaranteed Approval on No Down Payment Auto Loans for Bad Credit?

These tips will help you get easy approval no down car loans. Bad credit will cease to be a problem when you follow these suggestions. Try and use the maximum of them to enjoy low rates and lower car loan cost.

Co-Signer

A co-signer lowers the risk factor. It is because the lender knows that he can recover his money if you stop making payments. So, start your search for a co-signer today.

Income Proof

Having sufficient income to pay-off car loan is one of the important criteria. You can show your pay-stubs or tax returns as income proof. This way lender will be sure of your regular income and also, regular payments.

Inexpensive Car

Choosing an inexpensive car means reducing your car loan amount. And with the reduction in loan amount, lenderís risk also reduces. This way your approval chances become brighter.

Trade-Ins and Rebates

You can avoid down payment by trading your old car. Ask the dealer to deduct the value of your old car from the car loan amount and forget putting money down. You can also make use of rebates for the same purpose.

Shorter Loan Term

If you opt for a shorter loan term, it means you will be able to pay-off the loan before the end of useful car life. This is perfect for everyone because the risk of upside down car loans reduces substantially.

Choosing the Lender

You certainly donít want to waste your time in applying with lenders who wonít offer you loans. So, start your research for lenders who offer no down car financing programs to individuals with bad credit ratings.

You can make use of internet for searching sub-prime lenders. They work with bad credit borrowers and have no trouble in providing car loans without down payment.

You can select a reputed online car financing company for loans. They have a huge network of lenders and dealers which makes it easy for them to guarantee quick approval on no money down auto loans for bad credit. Donít forget to check the reputation of the lender/auto financing company before filling the application form.

All these tips will definitely help you in securing no down payment auto loans. When you follow them, it will make your car loan application stronger and lenders will be compelled to look beyond your credit score. So, donít forget them during the car financing process.

Rapidcarloans.net offers affordable bad credit auto loans program to everyone. People with bad credit score can enjoy no money down car loans by applying on the secure website. Apply now to enjoy low rates and 100% free car loan quotes.


Comment (0)


Tue, Dec 4th - 2:19AM

Bad Credit Car Loans - Get Guaranteed Approval on Low Rate Auto Financing

A car is every manís need and every womanís style.

Anyone who lives in America knows the importance of automobiles. Car loans are necessary for buying new cars or used cars. Most Americans often have a misconception that bad credit score can ruin their chances of getting guaranteed approval auto financing. But, the reality is something else. Getting guaranteed approval on car loans is easy even when you have poor credit. You just need to know how to reduce the lenderís risk and increase his faith in you.

Know your Financial Affordability

Buying a car is a big decision and you must be very sure of it before signing the contract. You must understand that auto buying process involves several costs. You will have to incur expenses like taxes, DMV registration fees, insurance, fuel charges, repairs and maintenance, etc. If you are financially ready for paying all these expenditures, only then opt for buying a car. Otherwise, you will end up harming your credibility and your credit score to a further extent.

Clean up Your Credit Report

Reviewing your credit history is extremely necessary before applying for any loan. When you have bad credit score, it becomes all the more important.

You must review your credit report for any discrepancy and unwarranted transactions. If there have been any unauthorized inquiries, you must immediately report it to the credit bureaus with valid proofs. Also, try and pay-off few debts. Both these actions will help in improving your credit score.

Go for Reliable yet Cheap Car

When you have bad credit, it is best to build your credit score by opting for a car loan with lower amount. If you go for extravagance, you may have to face tough time in paying off the loan.

Choose a car that satisfies your needs. If you have to travel longer distances, go for a fuel-efficient car. If you have a band, then a huge car with enough space for musical instruments is required.

So, take some time for thinking about the purpose of your car.

Co-Signing can Help

A bad credit score means lenders have less trust in you. They may shy away from you by looking at your credit report. But, you can get guaranteed approval by asking someone to co-sign your car loan contract.

Remember that not everyone can co-sign. It is essential that your co-signer has a good credit score and a decent debt to income ratio.

Down Payment is Another Factor

Down payment can be best used to combat bad credit score. Make a down payment in the range of 10%-20% of the car cost. By doing so, lenders will know that you are financially capable of handling payments. The logic is simple. When you can pay such a large amount, smaller monthly payments wonít be any problem for you.

Research for the Best Lender

Not every lender in your area will offer bad credit auto loans. Only subprime lenders offer car financing programs to people with bad credit. So, you must do a thorough research before applying with lenders.

Online car financing can serve you best in getting a bad credit car loan. These companies work with several subprime lenders which makes it easy to get guaranteed approval. Also, you can expect quick results because the entire process is online.

Once you are assured of companyís reputation, apply and get approved for affordable bad credit auto loans.

Donít take a hasty decision in choosing your car loan. You must spend time on every aspect of the auto loan process because it will have a major impact on your credit score. Improving your credit score can be possible only when you choose the right car loan for you.

Rapid Car Loans provides low rate auto loans to people with bad credit. You can fill the bad credit car loans application on our secure website and get guaranteed approval. Apply now to enjoy simple approval process and free auto loan quotes.

All the best!


Comment (0)


December 2012
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          
prev   next

  • All Blogs
  • Messenger
  • Member Search
  • Who's Online
    WebRing Bloggers: 9270

    ONLINE:
    Members: 0
    Guests: 0

    Today: 1


  • BlogRoll
    Alabama
    Alaska
    Arizona
    Arkansas
    Atlanta, GA
    Aurora, CO
    Baltimore, MD
    Bronx, NY
    Brooklyn, NY
    California
    Charlotte, NC
    Chicago, IL
    Chula Vista, CA
    Cincinnati, OH
    Colonia, NJ
    Colorado
    Colorado Springs, CO
    Connecticut
    Dallas, TX
    Delaware
    Denver, CO
    Detroit, MI
    District of Columbia
    Elizabeth, NJ
    Florida
    Fort Worth, TX
    Georgia
    Hawaii
    Houston, TX
    Idaho
    Illinois
    Indiana
    Indianapolis, IN
    Iowa
    Jacksonville, FL
    Kansas
    Kansas City, MO
    Kapolei, HI
    Kenosha, WI
    Kent, WA
    Kentucky
    Killeen, TX
    Louisiana
    Maine
    Maryland
    Massachusetts
    McMinnville, OR
    Memphis, TN
    Michigan
    Milwaukee, WI
    Minnesota
    Mississippi
    Missouri
    Montana
    Nashua, NH
    Nashville, TN
    Nebraska
    Nevada
    New Hampshire
    New Jersey
    New Mexico
    New Orleans, LA
    New York
    Newark, NJ
    North Carolina
    North Dakota
    Norwalk, CT
    Oakland, CA
    Ohio
    Oklahoma
    Oklahoma City, OK
    Omaha, NE
    Oregon
    Pennsylvania
    Philadelphia, PA
    Phoenix, AZ
    Pittsburgh, PA
    Portland, OR
    Rhode Island
    San Antonio, TX
    San Diego, CA
    San Jose, CA
    Seattle, WA
    South Carolina
    South Dakota
    Staten Island, NY
    Tacoma, WA
    Tampa, FL
    Tennessee
    Texas
    Utah
    Vancouver, WA
    Vermont
    Virginia
    Virginia Beach, VA
    Washington
    West Virginia
    Wichita, KS
    Wisconsin
    Wyoming
    Archives
    Recent Posts
    Oct 2013
    Aug 2013
    Jul 2013
    Jun 2013
    Dec 2011

    What's New | Popular | Auctions | Blogs | Webspace | Discuss | ShopDragon | Newsletter | Powered by R360 | Contact Us
    Copyright © 2001-2012 WebRing®, Inc. All rights reserved. Terms of Service - Help - Privacy Policy