Bad Credit Car Loans in Chicago – We Can Help You Get A Loan

Bad Credit Car Loans in Chicago – We Can Help You Get A Loan

May 12 , 2019

Bad Credit Car Loans in Chicago – How To Apply

If you are looking for bad credit car loans in Chicago, then you have arrived at the best place. We are and we can help you to find the best lenders to work with. Give us some standard information about you is all you have to do. From there lenders in the network we work with will be happy to be in touch with. And don’t stress they will work with you even if you have a less than perfect credit score. Many of our clients have poor credit. You may feel like you will never be able to get a bad credit car loan. However, it doesn’t have to be that way. There are many lenders that offer bad credit car loans to people these days. And what we do best for you is identify where to look.


Having Poor Credit Does Not Mean No Car Loan

Although having bad credit mean a lot of mainstream lenders are resistant to work with you. That doesn’t mean you are 100% shut down from obtaining a car loan. There are other lenders that are more open. The lenders in our network are more creative than mainstream big lenders. They could very well be able to work with you in creative ways. Maybe for a smaller loan amount. Or, for just a bit higher interest rate. Extending the duration of your loan from 60 months to 72 months is another possible way to getting you a bad credit car loan. Also, there are lenders that will offer car loans if you have someone who will act as a guarantor. Also known as a “co-signer”. They will consider your recent income and expenditures. And are less likely to ding you for mistakes that might still show on your credit rating.


Choosing the Right Lender

Bad credit car loans are a far more customized thing than loans from the more mainstream banks and credit companies. As a result mainstream lenders don’t really do that many of these loans. After all a loan that suits one person may not suit another. Apply online at and you will have a group of lenders that you can choose from. And one that appears to suit your situation. It can be difficult to find the best lender. In particular if you are in a difficult to serve audience. For example, if you are self-employed like an Uber driver or Lyft driver. Or if you have had a bankruptcy in the past. Many people who apply online with us are able to get hold of a lender that works well for them.

Bad credit car loans for an expensive car
Don’t go out and finance more car than you can afford

Borrow Only What You Need For Your Bad Credit Car Loan

There is one rule that everybody should try to live by. For people who have bad credit it is extremely important. It is that you should borrow only what you need. Bad credit car loans are more expensive than loans for people who are in the more ‘preferred’ part of the market. Why pay money that you do not have to in interest? If you borrow less, the less expensive your monthly payment is going to be. Which means more money for you in the long term. First off work out with a lender how much you can afford to borrow. Then have fun going car shopping. Try to find strategies to bring the cost lower. Can you trade your old car in? Can you save up some money and make a bigger down payment?


Read The Details Of Your Car Loan

No matter if you are applying for a bad credit car loan from or from a mainstream lender. You should look at the whole cost of the loan. Think about if there are penalties for repaying early. Also, look at the overall length of the loan. Try to find the best loan option to make sure that you will be able to make the payment comfortably. You don’t want to sign a 3 year loan and have a $850 car payment.  However, you don’t want to have a 72 month loan with a 23.99% interest rate on a $12,000 car either. Also, after a few years of payments your credit will have started to rebuild. So try and refinance the loan.


Before Applying For Bad Credit Car Loans In Chicago Work On Your Credit A Little

It is a good idea to try to improve your credit score before you go looking for a car loan. Obtain a copy of your credit history from the different credit agencies and make sure everything on it is correct. Get any wrong associations or entries eliminated. And absolutely ensure that you are making all your monthly payments in a timely manner. That way you can incrementally increase your credit score. You would be taken aback at just how much of a favorable impact that can have on your credit score. Even a small improvement in terms of ‘points’ might move you out of the sub-prime bracket and make it easier for you to get an affordable car loan. Apply online at and we will help you to find the lenders that best fits your situation.

Here is a link to a video I made explaining how using a car dealerships financing isn’t always your best option. Just in case the video isn’t working.

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *