Our Auto Loans for Bad Credit
Poor Credit Borrowers Proof of Income
To qualify for most poor credit or bad credit car loans you will need to have a gross income of $1,500 a month or more.
Your gross income (your income before taxes are removed) will need to be verified through documents like your income tax records. If you are on a fixed income and receive Social Security checks, disability insurance, retirement funds, alimony payments or child support or any other regular income that can be verified, you will also need to include this amount as part of your gross monthly income.
If you are a college student with poor credit, you can show your part-time employment, but it must be equal to $1,500 or more a month or be prepared to have a cosigner available. Bad credit borrowers with temporary employment or seasonal job holders need to show steady income for more than six months.
Starting Out with a Poor Credit Score
If you already have subprime credit or are a first-time buyer with no credit at all, you may not qualify for financing through a traditional bank.
Many bad credit lenders understand this, and that is why they set up first-time car buyer programs. You may pay a slightly higher monthly payment if you do not have a high credit score but over time your credit rating will go up, then you can get a better auto loan by refinancing your poor credit car loan.
Another drawback could be the dealership’s financing office. Even though you have the ability to make payments on a loan, some car dealerships will reject your application. Auto lenders are now using an auto enhanced report offered by the credit reporting agencies called a FICO auto industry option credit score to evaluate your loan request. This score can look very different than your regular credit score because it puts significant weight on your past auto loan history from your credit profile.
If you have had a problem in the past with paying your auto loan, you will probably have a lower score than you think. This does not mean that you have to buy your car from a questionable dealership that promises to approve everyone, but it does mean that you will have trouble getting poor credit auto loans from that dealership.
Our fast and safe credit acceptance systems operate on an exclusive nationwide network of bad credit auto lenders, and dealers experienced in car loans and auto refinancing for people with poor credit scores. These partners have a reputation for quick service without inflated interest rates and fees for bad credit car loans.
When it comes time to look for that new car, allow Valley Auto Loans to give you informative guides from negotiating with car dealers to landing that perfect auto loan tailored to your bad credit car loan needs in order to get the best deal for you.
Our many services offered at Valley Auto Loans includes helping customers with bad credit get zero down car loans, refinancing, student auto loans and bad credit car loans for the cars of their choice. Individuals with a poor credit history or need to repair their credit fast deserve to use the best financing options available. Valley Auto Loans specializes in providing bad credit auto lenders that do just that.
Customers and Bad Credit Car Loans
Valley’s mission is to help customers when buying a car with bad credit, find financing and improve their credit scores while working to get out of debt. We want every applicant to have the best interest rates and the most affordable monthly payments possible.
Our proprietary application process uses a unique algorithm to find the best financing options from thousands of bad credit auto lenders and finance providers. This is what makes it possible to get a car loan with bad credit for the loan amount you need at loan terms you can live with while you improve your credit rating.
Apply For a Poor Credit Auto Loan and Take It To The Car Dealer.
You can take your approved loan to any dealer or private seller you like!
At Valley Auto Loans, you can still obtain financing for the loan that you need and then go to any dealership to purchase your vehicle. The only limit is to find a car that’s within your approved price range.
At first, this sounds like the typical procedure for obtaining auto loans for poor credit but if you have done some comparative shopping for poor credit auto loans you have discovered that auto lenders operate differently. Many guaranteed poor credit auto loan lenders are only given a “loan package” if you use their approved dealers who can only fill out your loan paperwork to their loan terms.
Valley Auto Loans will match you to a loan that you can use at a car dealer you choose. Many times the best deal is not found at a dealers lot at all. You even have the ability to purchase a car from a private individual if you like. Moreover, they do not have to know your poor credit history or your financial business at all.
Rebuilding your poor credit history is probably going to give you a higher interest rate than you would like. However, if you play your cards right and follow through on the advice in the rest of this article, you will only have to suffer the high-interest rate for a short time.
Valley serves customers with damaged credit scores through strong relationships with dealers and lenders all over the United States. By partnering with reputable lenders, we can provide some of the lowest possible interest rates available to responsible applicants regardless of bad credit history. Valley accepts all applications and does everything possible for candidates to get low monthly payments on auto loans for bad credit at great interest rates.
Leave It To Us for Bad Credit Auto Finance!
Valley Auto Loans is one of the premier brokers for auto loans with bad credit in the nation. We have worked endlessly to make our approval process as fast, secure and convenient as possible. This hard work has resulted in a loan application that is easy to use and provides the quick results applicants need regardless of their credit profile.
Valley Auto Loans understands credit problems and the struggles that thousands face who do not qualify elsewhere. It is our mission to provide visitors the high risk auto financing they need when others cannot. Valley Auto Loans offers low-interest auto loans for bad credit customers who are trying to rebuild their credit points. We will do our best to help you find a competitive interest rate on your next car loan from a reputable money lender. The auto loan process starts as soon as you apply.