what bank is good for approving people with bad credit for a auto loan?


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10 Comments

  1. luisa_mapacha says:

    Go to a credit union, be prepared to make a large down payment.

  2. spifiman1 says:

    Capital One, H.S.B.C and Wells Fargo.

  3. Steve H says:

    Both Ford and GMAC have relaxed their standards. I’ve had customers (I’m an R.V. salesman) come into my lot, fall in love and fill out a credit application, only to find out they have credit scores just short of 500. I couldn’t find anyone to finance them out of our 20 national lenders. These very same customers came back less than a week later with a $40,000 1 ton dually truck that Ford financed them on at $0 down and 2% interest on a 10 year loan. If I were “credit challenged,” I would go to them 1st. Hope this pertains to your situation. Good luck!

  4. Pinky Lee says:

    Try Bar None….not a bank though.

  5. sqrlygirl says:

    Try WFS Financial. They approved me with horrible credit. The interest rate was 16%, which was better than the 24% (yikes) other banks were offering me. I am now on my second vehicle with WFS and because of a good payment history, they gave me a smoking hot interest rate on my second vehicle.

    Good luck…:)

  6. Nick O says:

    Most large banks have an Alternative Lending Division. Try USBank. Lots of rules and a higher interest rate, but will not require a large down payment.

  7. smarttrader101 says:

    HSBC does bad credit car loans. I listed a free consumer information site below that has a list of finance companies that issue auto loans to people with poor credit.

    I hope this help you. Good Luck.

  8. jack says:

    Yes there are many Car Loan Financers.
    I have a list of some good websites offering Loans with low Interest rate and fast approval. Its a policy voilation of yahoo if i post any link here.

    Just mail me at solidoffer11@yahoo.com with subjet- Car Loan . I will send a link of best website where you can find best Loan offers,tips and resources.

    best wishes

  9. gabriel jones says:

    Bad credit is one of the worst problems to have… however there exists a solution.

    I will hereby talk from my personal experience.

    I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
    if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

    a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

    http://umgarticles.atspace.com/debt-consolidation.htm

    if it helps kindly remember me in your voting!.. cheers!

  10. jtlyr says:

    If you have bad credit, there are better options than going to a bank for your car loan. You can check out credit union rates, but they may also be prohibitively high. I would try someplace that specializes in auto financing for people with bad credit, like http://www.mortgageous.com/noriskcredit

    I’m quite familiar with them, and I know they do whatever they can to find you the best rates available to someone in your situation.

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