When You Can’t Get Approved For a Car Loan Locally
When you can’t get approved for car loan locally, it can feel like there is just know where to turn. This is common, so don’t worry about it. There are lenders that can help you to overcome this. Without smoke and mirrors, legitimate online car loan companies can help you and actually do a lot more for you then you may be thinking.
With thousands of lenders in the United States, it should be easy to fathom that there are bad credit car loan companies that can help just about anyone, get a real car loan with reasonable terms. Finding them, can be a challenge if you don’t know where to look or where to go.
Let’s clear something up, ok?
If you have had a bankruptcy, yes… you can get approved. However, all of your court proceedings relating to the bankruptcy need to be completed. The meeting of creditors and the final discharge or dismissal needs to be taken care of, prior to your applying for auto credit through these lending sources.
Also, if you have had a repossession within the last year… it needs to have been included as a part of a bankruptcy. If it was outside of a bankruptcy, and was within the last 12 months, then you will not qualify.
Your income needs to be a solid $1700.00 a month or more, per month. This is your GROSS income before taxes, including all wages, tips, etc.
It’s easy to qualify and you if you’re used to dealing with typical car lots and such, you’ll be pleasantly surprised at the interest rates as well as, the payment terms that can be worked out for you.