If you are looking for bad credit car loan answers you can find legitimate and illegitimate answers depending on where you go to look for the information. You can search the Internet, which is always a common source of information, or you can ask around to see what you can find out. Of course the one-stop shopping of the Internet is a great way to find out what you need to know when trying to buy a car.
There are many online forums where people post questions and gain answers from professionals, experts and the general populous. When you are asking a question in a question and answer forum you get what you pay for, and since these forums are free you know that any information you gain may or may not be reliable. Choose your questions, your forum and the answers provided carefully to make sure that you are getting accurate information and not someones opinions.
There are online review sites that can provide you with information about how to get bad credit car loans. Some companies are happy to work with a person who is having a little financial difficulty in their life. If you are working and are trying to pay your bills the finance companies will sometimes work with you to get you the credit you need. You can find this information out by checking out reviews of other customers who have had the same problems.
Your own personal credit union may be able to help you with a bad credit car loan. They take over the lien on the vehicle and pay the money to the dealership, or to the buyer depending on the contracts between the two. Research loan companies and find one that will view your more positive credit score and use it to base your loan value and interest rate on.
Credit score needed for a car loan? Most dealerships look up your FICO credit score before you get too far into the purchase process. You will walk into the car lot, find the car of your dreams and encounter a car dealer. After you have been talked into the car of your dreams you can tell the seller that you do not have the best credit. This is when they take you into a tiny office and look up your credit score. You may find that your credit score is higher at one reporting agency than another. If you find this, choose a dealership who will check your score and find the highest score, and avoid the other dealers.
Car dealerships are less concerned with a poor credit score than many other creditors. They know that they can chase down the car if you find yourself unable to pay the note every month, so they are a little more lenient. Salesmen know how to get your application approved when you were not confident that it was possible. Trust that there is a chance that even though you have bad credit you might still be able to get that car of your dreams.