Bad Credit Car Loans are no longer impossible! Credit damaged due to divorce or bankruptcy? Payment in the collection or slow payment history? Looking for a way to get car loans with bad credit? How to qualify for a car loan with bad credit? How to get a new car loan with bad credit? Credit ratings and credit history correspond to how reliable you are in paying back the lender.
A poor credit score may impact the interest rates at which you can get auto financing as lenders may consider your case to be a high-risk investment. Traditionally, lenders shy away from these kinds of cases as they consider these to be high-risk investments. This is why many lenders take the opportunity for a high return on this high risk and then commit you to pay an inflated interest rate due to your bad credit performance.