How It Works

Learn more about poor credit car loans here. We'll explain what they are, who makes good candidates, and how our sign-up process works.

Poor Credit Car Loans Explained

Poor credit car loans are a practical alternative to dealership or traditional vehicle financing, such as through a bank or a credit union. Typically, other forms of car financing require rigorous approval processes that disqualify many applicants with less-than-perfect credit. Poor credit car loans are a form of independent, or third-party, financing for those with credit challenges. Independent vehicle financing simply means financing obtained from a source other than the dealership. Learn about comparing car loans to help improve your poor credit on the next page. Poor credit car loans can help you purchase your new car even if you have serious blemishes on your credit report.

Candidates for Poor Credit Car Loans

Though the definition of sub-par credit will vary from lender to lender, generally people with credit scores below 620 are considered to have poor credit. Here is a summary of who would make a good candidate for poor credit car loans:

• Credit score below 620
• History of bankruptcy in last 10 years
• Recent late payments on credit report
• History of charge-offs, liens, or other derogatory items
• High debt-to-income ratio
• High debt-to-limit ratio

Signing up for Poor Credit Car Loans

You can sign up for poor credit car loans on our site in just minutes. Here is how the process works:

1. Fill out our online form. Your first step is to complete our simple, online sign-up form. The form will ask you for some basic contact information, like your name, address, phone number, etc. The form is free to fill out and comes with no obligation.
2. We give you at least four free quotes. Once we receive your information, we will provide you with at least four free quotes on poor credit car loans.
3. Sign up for the loan of your choice or save quotes for later. If you see a loan that meets your needs, you can then request it with the lender that offers it. We also let you save your quotes for later if you would like to return at your convenience.