cheapgurus.com

Advertisment

Like many people in America today, I suffer from bad credit. I also work two jobs and still live paycheck-to-paycheck. So, when I needed to purchase a new car after my first one died on the side of the road, I was understandably concerned about how I was going to afford the cost, or if I?d even be approved for a car loan.

Fortunately, there are a lot of companies out there willing to deal with people, like myself, who have a less than stellar credit rating. My credit rating happens to be less than 620. However, I am not alone! I am in a category with over 40% of my fellow Americans who would be considered for sub-prime loans. Just because we have poor credit does not mean we are left to be ignored by financial institutions who would decide our collective fates! Or at the very least, whether or not we can get a new car to replace that old jalopy we are currently driving.

There are literally hundreds of sites devoted to sub prime loans. We may pay more in APR than a typical borrower with good credit, but it?s fairly easy to find manageable rates with companies who are in business for the sole purpose of making an auto loan happen for sub prime borrowers.

So where does that leave me and my aforementioned car dilemma? Well, I did a quick search on Google for car loans with bad credit. My search turned up a site with a free application process and after only a few days, I was contacted by a local Honda dealership and they told me that my application was approved! Me, and my 610 credit rating got approved! Now I have a brand new Civic, and because of the financing I got, my payments are manageable and I don?t have to worry about getting a third job!

Bad credit happens. But it doesn?t have to stop you from getting what you want out of life!

Have you ever had one of those weeks where you just say to yourself, ?WHY ME!?? You know the kind of week I?m talking about? Your days are so hectic you don?t even know what day of the week it is? You spend 8 hours a day at work just to come home and spend another 4 hours chauffeuring the kids around. And to top it all off, after the commuting and the taxiing, your car starts making a noise that sounds like a cross between Chewbacca and the world?s largest baby rattle. How could things get worse? Oh, right? Did I mention you have bad credit too? And you can?t possibly imagine how you?re going to get approved for a car loan?

If this sounds familiar, you?re not alone. About 40% of Americans have credit below 620, which is considered sub prime. But have no fear! Your week is about to get better, because there are a lot of companies out there who are more than willing to help find auto loans for people with less than wonderful credit ratings.

In fact, a quick online search for ?car loans with bad credit? will turn up hundreds of sites that will help you get approval for that new car you need to get through the day to day. Most of these sites have a free application process, and usually after submitting that application, a local dealership will contact YOU with your status so you don?t have to take more time out of your day to find a dealership who deals with sub prime auto loans. Isn?t technology wonderful?

So take a deep breath? things will work out. Don?t sweat the small stuff. In this day in age, even though you might not realize it, there are still companies out there trying to help the working American grab a little slice of the dream? even if it is just a car!

---

Diane Jurgens is the head copywriter for CyberLead, inc http://cyberleadinc.com specializing in auto sales leads http://carcredit.com delivering quality car loans for ten years

Tags: auto, automotive, bad, car, credit, financing, loans