Bad Credit

Don't let your bad credit slow you down. People with poor, bad, and even no credit can still get an auto loan. Learn more about the bad credit auto loan process at AutoLoanDaily.com.

Dealerships Opening Subprime Auto Loan Centers

With more consumers falling into lower credit score tiers, subprime auto loans with high interest rates are their only option most times to buy a car. Some dealerships are realizing the need for more options for shoppers with bad credit, and are opening dedicated used car centers for these nonprime customers, WardsAuto.com reports. And although getting lenders to fund subprime car loans for custo[...] .. Read More.

Credit Scores Drop, Spelling Trouble For Auto Loan Approvals

New figures released by FICO show that 25.5 percent of consumers are now considered a bad risk to lenders. Almost 43.4 million consumers now have a credit score of 599 or less, the Associated Press reports. This is bad news for car shoppers, since a score of 600 or lower will result in an auto loan with a high interest rate, if they even get approved at all. FICO, which is the most widely used cr[...] .. Read More.
GM Looking For New Auto Loan Lenders to Help Customers With Bad Credit

GM Looking For New Auto Loan Lenders to Help Customers With Bad Credit

General Motors is looking for auto loan lenders who will help customers with bad credit get approved for a car loan to buy one of its vehicles. Without its own captive lender, GM is struggling to find lenders to give its customers auto loans, especially for those with subprime credit scores, which are usually 650 or less. Chase and Wells Fargo are reportedly in talks with GM to help with the auto[...] .. Read More.
Prestige Financial Plans to Fund More Auto Loans For Shoppers With Bad Credit

Prestige Financial Plans to Fund More Auto Loans For Shoppers With Bad Credit

Prestige Financial, a Salt Lake City, Utah-based subprime auto loan company, is ramping back up and looking to fund more car loans for buyers with bad credit, SubPrime Auto Finance News reports. Scot Seagrave, SVP of Prestige Financial, said the company would like to double its auto loan originations this year. Prestige Financial currently funds about $8 million in auto loans a month and is looki[...] .. Read More.

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