Poor Credit Car Loan Requirements

If you've been shopping around for a poor credit car loan we hope you have not been sucked in by those sales pitches about "everybody is approved."

Here's the truth: some people will never qualify for a loan from a reputable outfit because of bankruptcies and crimes and whatever else. Our approval rates are high -- better than 90 percent at last check -- but since we work with highly reputable lenders, we do not make promises we can't keep.

If you are in bankruptcy right now, we can't help you, but if your bankruptcy is discharged we can.

If you've had a car reposessed in the last 12 months, we can't help you until more time passes.

If you are not a U.S. resident over 18 years of age, well, sorry.

Now the good news. You don't need to have perfect credit to qualify. You don't even need good credit, really.

You will need a gross monthly income of at least $1,800. If you're making less, you'll be asked about a co-signer.

You will be asked how long you have been at your current job and your current address. Lending companies believe stability is a great predictor of credit-worthiness; the length of time required at each depends on where you stand on the credit scale.

That's pretty much it.

So good luck and remember: we can help you get approved for a car loan even with a poor credit history!

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