If you have done more harm than good to your credit score you are liable to face problems in getting an auto loan.
How to Buy a Car with Bad Credit
Most finance companies only lend to people with good credit. Although some may compromise and sanction a car loan to people with marginal credit, buying a car with bad or very bad credit is a difficult proposition.
However, nothing is impossible and there are ways and means through which you can still buy a car and along with that, also improve your credit rating for the future. It may sound unbelievable but it is true. There are companies who have devised novel methods that allow you to own a car without referring to your past credit history.
Where You Can Buy a Car with Bad Credit
The best way of doing this is by choosing the right dealer or service. A wrong dealer will send your application all over the place to numerous loan companies who as a matter of policy lend only to people with prime credit. Once your loan application is rejected your credit rating goes down a few more points. And even if it is approved, you may have to pay an exorbitant rate of interest. The better way is to choose a dealer or service that specializes in providing auto loans to people with poor, bad or very bad credit history.
If your credit score is lower than sub-prime credit, do not waste your time with dealers who cannot help you buy a car. Do your research and find a dealer who caters to special credit situations.
Earn-a-car is an online service that specializes in just what you are looking for. Complete our pre-approval form if you are blacklisted and need a car. We will not only provide you with a car without checking your credit history but also help you in reinstating your credit score to healthy levels.