Frequently Asked Questions

About Car Loans For People With Bad Credit

Can you tell me my loan amount over the phone?
Nothing is more important than protecting your privacy. We process your application on secure, encrypted servers and we do not pass your personal information to third parties for purposes of solicitation. It's for your protection that we handle all loan details in a person-to-person appointment.

What kind of interest rate can I expect?
For a car loan for people with bad credit, interest rate factors include your credit score, the size of your downpayment and whether you are buying new or used.

How long does the process take?
Our online auto application takes, on average, 69 seconds to complete. In most cases you will hear from a local loan officer within an hour. Our company has 19 years of a majority of its customers driving something new within 48 hours of applying.

Why do you work exclusively with dealers?
Because that's how most banks, finance companies and credit unions work. Car loans are technically what's known as Retail Installment Sales Contracts, where the dealership handles the paperwork but the loan is held by someone else.

I hear noise about best time ever to buy a car. Truth or hype?
True. Dealers are dying at the rate of two per day. Sales are awful. Bad news for them is good news for you. There are historic discounts and incentives currently on the market. The flipside is credit is tighter and downpayments are higher, but applying through us can increase your chances of approval.