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Bad Credit Car Loans

We have processed more than 6 million car loan applications for all credit types since 1989.

Bad Credit History?

Bad Credit Car LoanSadly, just one or two small financial mistakes can damage your credit score, which might not matter until the day your car quits running and you have to buy another one. Fortunately, there are lenders and auto dealers who specialize in bad credit car loans. Before you know it, you're back behind the wheel and rebuilding your credit.

How Do I Find a Lender?

Not all lenders or dealers offer loans for bad credit. Why is this important? Because applying for loans that you won't get can actually cause your credit score to drop further. Each application requires a "hard inquiry" of your credit report, and multiple hard inquiries in a short period of time can be considered a bad signal to the credit reporting agencies.

How do you know which lenders and dealers will be able to get you the loan you need? They all want your business but you should definitely avoid anyone who wants to “give it a try” and see if they can squeeze you into a loan that's not designed for your credit situation. After all, it doesn't hurt them to see what they can do – they have nothing to lose, but you do.

This is when you should turn to Carloan.com. Since 1989, we have specialized in helping people with bad credit get car loans. We've processed over 6 million applications since then, and that means a lot of satisfied customers. We have built a nationwide network of auto dealers and lenders who have special finance departments for people exactly like you – people who have made a couple of small mistakes but still deserve to buy a car.

Things you need when shopping for a bad credit car loan:

You might also need a copy of your bank statement and car insurance but in most cases, the above will suffice.

Why do you need your credit score? Any lender you talk with will use it to determine if you qualify for a car loan and what rate you'll have to pay. If you don't know what your credit looks like before you start, you're at a disadvantage.

What's Next?

Once you have all your paperwork, the easiest place to start is by filling out our online car loan application. It takes about 60 seconds to complete (maybe more if you're slow at the keyboard), then you'll be contacted by a local loan advisor who specializes in auto loans for people with bad credit. The advisor will help you find the best loan to fit your income, credit, and needs. If you have everything in order, you could be driving within 48 hours.

It's worth mentioning, too, that a car loan is one of the best ways to rebuild credit. Showing that you can pay one of the largest recurring expenses on time every month can do wonders for your credit score, which can eventually open up many other credit opportunities for you.

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Do I Qualify?

18 years old or older?
Sorry, you need to be 18 years or older to qualify.
Earn $1,600 or more each month?
Sorry, you need to earn $1,600 or more each month.
Stable in your job and residence?
Sorry, you need to have a stable job and residence.
No repossessions within 1 year?
Sorry, you can't have repossessions within 1 year.
Great! Start your application here
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Rates in as low as:

Source: Informa Research Services, Inc. New car loans rates are based on a 36 month term and $25,000 finance amount. Used car loan rates are based on a 36 month term and $20,000 finance amount. Applicant must have a Fico score > 760. Not every applicant will qualify.