- Are the car loans from Car Credit Center
for purchasing new cars or used cars?
Our nationwide network of dealers and lenders
provide car loans for both new and used cars. Your
dealer will help you in determining which type of
vehicle and auto financing will best meet your needs.
- Can apply for auto financing if I have had
a bankruptcy or repossession?
Yes! All applications are accepted for bad credit
auto loans regardless of past credit problems. Your
bankruptcy must be closed and the repossession must
not have happened within the last year. Regardless
of your situation Your dealer will work with you to
help you get car loans approved to purchase your next
car.
- I have had a number of past credit problems.
Will I need a co-signer to get a used car loan ?
It is recommended that you apply for auto financing
and make every effort to get the loan without a co-signer
first. However, if you are turned down, you can consider
the option of using a co-signer at that time. A co-signer
with a good credit history, this will increase your
chances of getting an approval of your bad credit
auto loans.
- I applied yesterday, how do I check the
status of my auto loan application ?
You should wait 48 – 72 hours to hear from a
lender or dealer. Your application is submitted to
a number of lenders and dealers and it sometimes takes
a little longer for them to respond. This is especially
true if you applied on a weekend or holiday. If you
don’t hear anything after 96 hours use the loan
status request located on our contact page..
- What will my interest rate be? Will I get
the best car loan rate?
Interest rates for bad credit auto loans
is influenced by a number of factors, including the
severity of credit problems, the amount of down payment,
and the degree of credit risk. You will receive the
best possible rate for your credit situation. If you
have concerns, please raise your concerns with the
dealer or lender
- Is the information I submit secure?
Yes, we your application is transmitted over the internet
using the latest 128 bit Internet Encryption. Unlike
other companies, All information submitted is kept
strictly confidential and not resold to any party.
- Can I refinance an existing car loan?
Yes Definitely, we have special refinance programs
available to refinance existing car loans. On the
Auto Loan Application Page, select the
box “Refinance existing used Car Loan”
- What basic criteria are needed to apply
for a bad credit auto loans?
You must be at least 18 years old and a resident of
the United States. Monthly income of $1,500 is required
for a car loan, or bad credit car loans financing
through a car dealer.
- Does applying to multiple lower my Credit
score?
No. all credit inquiries within a 14 day period associated
with one type of purchase are consolidated into one
inquiry for scoring purposes..
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