Bad Credit Car Loan Tips

If you got turned down for a bad credit auto loan,
study up on what you need to make it right

On one hand, we're in the bad credit auto loan business, but truth be told we are first and foremost in the people business.

We want you to be a good, solid -- and well-informed -- customer when you're talking to dealers and finance officers. We want everybody happy, and you won't be happy if you feel like you're getting ripped off.

So let's keep that from happening. Consider the following before clicking the Apply Now button, especially if you're coming off a bankruptcy discharge.

• You need to show positive momentum on your credit. That's where timely payments on a secured credit card can come in handy. If you've paid steady payments for six months or so, go ahead and click apply now.

• You need to show stability. Lenders like to see two years at the same residence and the same job. That's not a hard and fast rule, but it helps. If that's no problem, click right now.

• You need to know the comfort range of lenders. Best inside tip of all -- you are more likely to get approved if you know where banks are most likely to lend. A $10,000 loan will carry monthly payment in the $250 to $300 range, an amount most folks can manage and most banks can live with. Couple that with some research on the best used cars for bad credit car loan customers and you'll be ready to roll. A better ride on the road to better credit.