4 Auto Finance Companies That Will Approve You For An Auto Loan Even With Poor Credit

The majority of people need a car for their daily lives. Auto loans have become a fact of life. If your credit is good, the process of buying a car is fairly easy. However, if your credit is less than perfect, this can present a challenge. The good news is, there are some auto finance companies that will approve auto loans even for the consumer with poor credit.

Obtaining approval for an auto loan if you have poor credit does not automatically put you out of the market. There are options available for everyone. There are a few different companies that may offer credit to many people, regardless of their credit history. In many cases, they’ll accept people whose scores are much lower than other institutions might accept.

Easy Approval in Days

This could mean that you’ll be able to get easy approval for your auto loan within a few days. However, many people may not be aware of which companies offer this. There are a few auto finance providers that seem to be much more high-quality than you would expect.

Auto Credit Express

If you need an auto loan, Auto Credit Express is one of the larger auto finance companies that works with people who have poor credit. They are not a direct loan company, but rather, they match customers to lenders. Alongside this, they work with people who have no credit, which has made them somewhat of a leader in the industry.

The application process is quite easy and shouldn’t take too long. You can easily apply online or by phone. Their phone number is 1-855-439-0814. Typically, you can expect a response in 24 hours.

Once you can prove you have a steady income of $1,500 a month, however, you should be able to get approved for an auto loan with ease. Another point to remember is that you must shop for a car at a dealership that works with Auto Credit Express.


Another excellent auto loan provider is DriveTime. DriveTime is one of the biggest used car auto lenders in the country. They are based in Arizona but have a nationwide network. Their specialty is to provide financing on used cars for customers with poor credit.

They are known for their exceptional service to their customers. It is a quick application process which can be done online. A large inventory of cars is a plus. They boast 138 dealerships across the country. DriveTime has received good ratings from Consumer Affairs and has many positive online customer reviews.


CarsDirect has long worked with people with poor credit, which is why they’ve become somewhat popular in recent years. As a result, they can be a quick and easy way to get the financing you need for your vehicle. The application process for this is quite simple.

The main reason for this is that you’ll just have to fill out a relatively brief application form. This includes a minimal amount of information, although all of it will be essential to whether or not you get the loan. The majority of this can be done through the company’s website.

Once this is done, you should hear from them within 24 hours, although this is only the case during working days. If you’ve gotten a ‘yes’ from them, however, you should be connected with a wealth of dealers, and you’ll be able to pick the car that you want.


Car.Loan.com specializes in working with people with poor credit who need an auto loan. As such, it’s developed quite a significant reputation among the car community for working with people who may not otherwise be able to afford a vehicle. This could mean that they may be one of the better-recommended options.

However, it should be noted that car.Loan.com isn’t the company that will be offering you the loan. Instead, they’ll help connect you with various dealers who will work with you regardless of your credit history. This should mean that you’ll have a variety of options to choose from.

As a result, you could be able to get pre-approval and then start car shopping knowing that you’ll be able to get the car that you’re looking for. This kind of flexibility may be where this option shines much more than many others.

It only takes a few minutes to apply for this. The process only requires that you fill out a form, wait to hear back, and then choose the car that you want. As such, it couldn’t be simpler.

Easy Auto Loan Financing

Having a poor credit score doesn’t mean that getting an auto loan needs to be as difficult as you might have thought. Each of the above should be relatively easy to get approval from. However, you’ll need to pass a variety of criteria checks to do so.

Though this is typically a barrier for many people, this should be much simpler and more straightforward than with other lenders. As such, you should find that applying for the car loan should be quite easy. You could also find that you might get approval much faster than others.

Compare Auto Loan Finance Companies

However, you’ll also need to make sure that you spend time comparing each of the auto finance options before you apply. This is because some may only accept applicants with a certain credit score or above.

While this will typically be less than other lenders, it may still be slightly higher than others. Alongside this, you’ll need to make sure that you meet all of their other terms and conditions. You will have to spend a certain amount of time deciding which one is the best for you.

Doing your research beforehand will mean that you should be much more likely to get approval once you do apply. If you have poor credit, then this will be a necessity, as it will play a vital role in whether or not any of the above will give you an auto loan.

Down Payments and Interest Rates

As with any lender, interest rates will vary depending on your credit score. If you have poor credit, interest rates will be higher. This could drive up your monthly payment amount. However, if you can put money down on the car, it may offset the higher payment. In other words, the more you can put down, the lower your monthly payment will be.

To sum it up, all is not lost if you need a car but have poor credit. There are options to help individuals get back on track. Getting an auto loan through one of the above companies can be a stepping stone to help you towards a higher credit score.

The Top 5 Tips for Getting a Good Loan With Bad Credit

Credit scores are an essential measure of a person’s creditworthiness. If you have bad credit, it can be difficult to get a loan from a bank or other lending institution. However, there are some things that you can do to improve your chances of getting a good loan with bad credit! Here are some tips for improving your odds of getting a good loan even if you have bad credit.

Make your Auto Loan Payments on Time

Making your bill payments on time is one of the most important things that you can do to improve bad credit loans. When you don’t pay a bill, your issuer starts charging late fees and interest charges, which accumulate over time.

These delinquent accounts will have a large negative impact on your credit score. Delinquent accounts stay on your credit report for seven years from the date of delinquency. If you have bad credit, then any bad debt on your credit report can be a significant obstacle to getting a good loan with bad credit.

Don’t Open New Lines of Credit

It’s important not to open new lines of credit when you are applying for bad credit loans. Opening a new line of credit can increase the amount of bad debt on your file and will lower your overall credit score. If you have bad credit, you should pay down any bad debts already on your report before applying for a bad credit loan.

Get a Co-signer

If you have bad credit, then getting a co-signer can help to increase your chances of being approved for bad credit loans. If two people are listed on the bad credit loans application, both parties are equally responsible for making full payment on the bad credit loan.

Alternative bad credit loan sources are a good way to improve your bad credit score and also increase the chance of being approved for a bad credit loan. There are several bad credit loans that offer borrowers with bad credit the opportunity to make their bad debt history disappear from their file.

If you have bad credit, then having any bad debts on your credit file can make it difficult to get bad credit loans. Alternative bad credit loan sources allow you to remove bad debts from your file and start afresh with a clean bad credit loan history.