Frequently Asked Questions

About Car Loans For People With Bad Credit

Can you tell me my loan details over the phone?
Afraid not. Car dealers are under tough new rules to prevent identity crimes (it's called Red Flag Compliance in the biz) and for your protection, we must handle your personal financial details in a person-to-person appointment.

What kind of interest rate can I expect?
Interest rates on a bad credit car loan will be based on your credit score, the size of your downpayment and whether you are buying new or used. There's no one-size fits all answer, but you can see interest rates matched to credit scores at www.MyFico.com.

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.

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.

Is this really the best time ever to buy a car?
Yep. 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 for a car loan through us will increase your chances of approval in these trying times.