How to Get a Car Loan With Bad Credit

By: Western Used   |   09 Jan 2018
Newfoundland highway in overcast skies. Lone car goes down the road.

The time has come to toss all this stigma about bad credit out the window.

There are a lot of people who have credit issues and it’s nothing to be ashamed of. Seriously, did you know that, on average, 1,500 people in Newfoundland go bankrupt each year? It’s true. Life can be hard and bad things can happen to good people. So, let’s forget all the doom and gloom and work on getting you an auto loan.


Here’s how people with bad credit can get a car loan:


Step 1

You’ve already taken the first and most important step: you’re here reading this blog and actively looking for an affordable car loan that fits your budget. Over the years I’ve helped all sorts of people with credit challenges get car loans and start on the path to rebuilding their credit rating. I can likely help you get on that same path.


Step 2

Contact me directly so I can get a better understanding of your financial situation. We’ll have a chat and talk about your credit history, vehicle needs, and your budget. I’ll also have a look at your credit report to get your complete credit history. It’s important to know ahead of time that you’ll need a form of consistently monthly income to qualify for a car loan.


Step 3

After I get a good sense of your needs and finances I’ll get to work. We work with a range of lenders and some are better than others for people with bad credit. I’ll find a lender that will offer the best car loan for your needs and budget so you can drive away in a reliable used vehicle.


Step 4

Once you’ve been approved for a loan and found the right used vehicle, it’s time to continue rebuilding your credit. Paying your monthly car loan payments should be your priority, but there are other steps you can take to help rebuild your credit rating. I’m happy to give you some friendly, professional advice on how to work toward improving your credit rating.

 

I’m Here to Help

I completely understand how daunting it can be to apply for a bad credit car loan. There are all sorts of claims about Guaranteed Approvals and if they are too good to be true, and there are quite a few finance terms used during the application process that can be unfamiliar and confusing. I’m here to answer all your questions and put you at ease, so feel free to ask as many questions as you like. I also have a few blog posts that may answer some of your questions.


Ready to take the next step? It’s easier than you think. Contact me today and I’ll work hard to find you a car loan so you can drive off in a high-quality used vehicle.

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