Doug's Credit Center Blog

How anyone can get auto loans with bad credit

In the market for a car, but worried whether or not your bad credit score measures up? No worries. Anyone can get bad credit auto finance. You may think that dealerships refuse to give auto loans on cars to unqualified customers, but it really depends on where you look. It’s all about taking the right steps and doing your research.

Steps to getting a bad credit auto loan

The whole prospect of getting auto financing for bad credit may just be incredibly overwhelming to even think about. But there are steps you can take that will lead you down the path to getting a car loan despite your low credit score.

  1. The first step is to look at multiple lenders.Don’t just rely on getting your financing from the dealership. While there are bad credit car dealers out there to consider, there also are many financial companies that give auto loans to consumers with poor credit. You want to keep looking and continue to fill out online applications. You can do that right here on this website. While there are many factors that come into play if you don’t have good credit such as down payment, collateral, and the cost of the vehicle, our credit center will help you get the financing you need to get your next car.
  2. The second step is to shop around.The reality is that you’ll have choices if you keep on applying for car loans. Almost anyone can get auto loans with poor credit, but few people get good deals. Try to find lenders with the lowest interest rates and best payment terms. Auto finance companies like Doug’s Credit Center have a network of lenders they work with. This is to your advantage because that means they will all be competing to give you a car loan, you’re guaranteed an auto loan at the best rates and terms possible for someone in your financial situation.
  3. The third step is to find out what is an acceptable credit score for Washington car dealerships and lenders. Some lenders will only accept consumers that have a credit score of 650. Credit centers like Doug’s helps the rest of you who don’t have a 600, 700 or 800.

Car loans for bad credit can repair your credit score

The final step is to work on repairing your credit score. When you get a bad credit car loan with even a 536 credit score, you are taking the first step in this direction. When you make your payments on time, we report those payments to the top three credit reporting agencies. But there are also other things you can do to help rebuild your credit, such as:

  • making payment arrangements with your credit card company
  • fixing mistakes in your credit report
  • getting caught up on as many bills as possible.

As you can see anyone who needs a car loan can get one – even with poor credit. It’s all about taking the extra step and doing the research. There are many lenders like Doug’s Credit Center that are willing to take a chance with consumers that have low credit.

This entry was posted in Bad Credit, Finance. Bookmark the permalink.

Get Financing Now

Drive Now

Featured Finance Vehicles