Who Finances Bad Credit Auto Loans?

Debt can really stack up.

Bad credit auto loans are offered by multiple subprime lenders. When looking for a bad credit auto loan, it is important to make sure that you can repay the loan. Failure to do so will result in derogatory information being placed on your credit report.

Credit Acceptance Corp.

Credit Acceptance Corp. offers guaranteed credit approvals for all prospects. Applications are viewed as subprime, and all applicants must prove their income and address.

Regional Acceptance Corporation

Regional Acceptance Corp. also offers subprime loans exclusively. Regional offers online payment options and flexible terms of up to 60 months.

CNAC

Car Now Acceptance Corp., or CNAC, is the captive finance arm of the J.D. Byrider chain of special finance dealerships. CNAC works exclusively with subprime customers, and J.D. Byrider franchises also offer on-site repair facilities that may not be available at other bad credit dealerships.

Carloan.com

Carloan.com is an online source for bad credit auto loans. This service can find you competitive offers on bad credit loans and provides other information that is helpful when shopping for a subprime loan.

Expert Insight

Getting a bad credit auto loan is a good way to reestablish your credit after some bumps or a bankruptcy. Before agreeing to a bad credit auto loan, have each vehicle inspected by a mechanic. You want a vehicle that will serve you reliably for the entire loan term.

References

• Credit Acceptance Corp.
• Regional Acceptance Corp.
• J.D. Byrider