Are you trying to buy a car, but facing problems due to poor credit score? CarDestination can be your perfect auto financing partner. The company believes in your present; not your past. Apply now for poor credit auto loans and enjoy instant approval without worrying about inflated interest rates.
Poor Credit History is Common
The economic downfall had rendered several Americans jobless. Falling back on payments has caused a major drop in credit score of Americans. It means a low credit score is not so uncommon. In fact, a good credit score has become rare.
If your credit score is below 600, it is considered a poor credit score. But, who decides whether your credit score is good, poor or bad?
Fair Isaac Corporation, the company that has developed the FICO credit scoring system, doesn’t explicitly mention that your credit score is excellent, good or poor. Even if its guidelines suggest that your credit score is poor, it doesn’t matter. It all depends on the lender.
If you apply with a traditional bank that caters to good credit car buyers only, it may consider 620 as a poor credit score and reject your loan application. On the other hand, if you apply with CarDestination, your credit score will not create any obstacle in getting easy loan approval.
It doesn’t consider your credit score to be a problem in getting auto loans. If you believe that your credit score is poor, do not worry. The company will help you obtain poor credit auto loans.
Who can obtain Poor Credit Auto Loans?
The doors of CarDestination are open for everyone. You can get approval on poor credit auto loans if you are:
- A car buyer with credit score less than 600.
- An individual with bankruptcy in the past.
- A person who has dealt with repossession.
- A car buyer with a bad credit score caused by job loss, illness, etc.
- A young car buyer whose credit score is considered inadequate or poor by traditional lenders.
Poor Credit Car Buyers! Do not miss out on Low Interest Rates
You do not have to say yes to exorbitant interest rates. It is a fact that you may not receive interest rates that are offered to car buyers with excellent credit score. But, you can definitely negotiate a better interest rate.
Remember that interest rates are at an all-time low. But, you have to discuss it with the lender and present a stronger case to him. If you do so, low interest rates can be yours.
Crucial Advice for obtaining Easy Approval on Poor Credit Auto Loans
A car loan ensures that you buy a car quickly. But, if you have to visit several banks and credit unions in order to get loan approval, you may miss out on a good car deal. So, it is crucial to obtain easy approval on poor credit auto loans. Here’s how you can do it:
Down Payment - Even a Smaller Amount can help You
Down payment can reduce the loan amount and increase your credibility in the eyes of the lender. A down payment amount of $500 can also create a positive impact on your loan application.
Cosigner - Convince a Person with Good Credit Score to help You
A cosigner, with a good credit score, can be your pillar of support. His credibility can influence the lender and convince him to approve your loan application immediately.
Income - Regular Income can work wonders
Do not worry if your credit score is considered bad by traditional lenders. If you earn regular income, CarDestination will help you obtain poor credit auto loans. The company focuses on your loan repaying ability instead of your financial history.
Is your Auto Loan Application Weak?
Not every car buyer has a perfect auto loan application. Do not worry if you are finding it difficult to convince someone to become your cosigner. Also, a very low down payment amount cannot create a big obstacle in getting loan approval.
CarDestination believes in case-by-case assessment of loan applications. So, do not worry if few factors on your loan application seem weak. The company will discuss your situation with you and suggest you viable solutions.
CarDestination locates the best Bad Credit Auto Dealers and Subprime Lenders to work with You
CarDestination is an online auto financing company that works with you to fulfill your car dream. It understands that every individual, whether a good credit or a bad credit car buyer, has different loan requirements.
So, the company takes time in understanding your requirements and finds you qualified bad credit auto dealers with a massive inventory of new cars as well as used cars. The dealers will work with you to find the best car and the auto loan deal.
If you have decided on a car model, CarDestination will initiate the process of finding you a subprime lender who has no trouble in approving a poor credit auto loan request.
Total Support for People with Bad Credit Issues
Online Auto Loan Calculator
Be it poor credit history or bad credit score, a car buyer should never make a hasty decision. To make sure that you consider all the aspects of the financial deal, CarDestination provides you with an online auto loan calculator.
The calculator will manifest monthly payment amount for the entire loan term. You can compare several loan quotes from bad credit auto dealers as well as subprime lenders in order to choose the loan quote that provides you maximum comfort.
Highly Secured Auto Loan Application
CarDestination uses highly advanced SSL technology to safeguard your personal information. It works with GoDaddy.com to guarantee total security from online hackers and fraudsters. So, do not worry while submitting your loan requirements and personal information on the website.
CarDestination promises higher loan approval ratio to poor credit car buyers. The bad credit auto loan expert will go the extra mile in finding you a loan quote that satisfies you. Apply immediately; buy a car instantly.