How To Get A Car Loan With Bad Credit

January 09 2018, Jessica George

How To Get A Car Loan With Bad Credit

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 help you get on that same, exciting 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. This will help determine which road of rebuilding your credit and getting you into a vehicle is best for you. 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. Together, we'll select the best rates and payments for your personal situation.

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, they probably are! If there are quite a few finance terms used during the application process, that can truly be unfamiliar and confusing. I’m here to answer all of 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.

Other Articles That May Interest You

Buying a First Car as a Student

June 17 2019, Western Used

Buying a First Car as a Student

Buying a first vehicle is an important investment and a decision not to be taken lightly. For different reasons, this is even more important if you're a student, as you are not yet in a stable career and your needs may change in the years to come. With a smaller budget and needs that will change in the short and medium term, it is important to thoroughly plan ahead when buying a vehicle if you...
How to Make Sure a Pre-Owned Car Is Reliable

June 17 2019, Western Used

How to Make Sure a Pre-Owned Car Is Reliable

Buying a pre-owned vehicle has many benefits, its affordability being the most important advantage. Indeed, usually, for the price of a pre-owned vehicle, you can get a new vehicle, but with much less equipment and technology. Choosing a pre-owned vehicle also testifies of its reliability, as it already has history while still working just fine. Depreciation is also a major disadvantage when...