Bad Credit Car Loans in Phoenix – This Time You Get Approved!

Bad Credit Car Loans in Phoenix – This Time You Get Approved!

May 15 , 2019

Bad Credit Car Loans in Phoenix – How To Apply

You are at the right spot if you need a bad credit car loan in Phoenix, but don’t know where to go. We are and we can help you to locate the best lenders to work with. Give us some basic info about yourself is all you have to do. Then we will connect you with lenders in the network we work with that are happy to be in touch with you. If you have destroyed credit don’t despair they work with that all the time. Many our clients have bad credit. You may feel like you will never be able to get a bad credit car loan. Nevertheless, it doesn’t have to be that way. Bad credit car loans are still offered to individuals by many lenders. And what we do best for you is figure out where to look.


Having Poor Credit Doesn’t Mean No Car Loan

While having bad credit mean a lot of mainstream lenders are not willing to work with you. Nevertheless that doesn’t mean you are 100% completely stopped from obtaining a car loan. There are other lenders that are so much more flexible. The lenders we work with are more innovative than the mainstream big lenders. They could very well be able to work with you in different ways. Maybe for a scaled-down loan amount. Possibly, for a marginally higher interest rate. Another possible way to getting you a bad credit car loan is increasing the length of your loan from 60 months to 72 months. 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 take into consideration your recent income and bills. And are less likely to penalize you for mistakes that might still show on your credit rating.

Lenders in competition for you loan
Lenders battling for your car loan

Finding 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 decide from. And one that looks to suit your scenario. Finding the best lender can be challenging. 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 a lender that works great for them.


Borrow Just What You Need For Your Bad Credit Car Loan

Trying to living by this one rule I think would help every person. For people who have bad credit it is particularly 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’ side of the market. Why pay money that you do not have to in interest? If you borrow less, the less expensive your payment will be. Which means more cash for you in the long run. Figure out with the lender just how much you can afford to borrow to begin with. Then have fun test driving cars. Try to find tactics to bring the cost lower. Will you trade your old car in? Could you save up some money and make a bigger down payment?

a person looking into a bad credit car loan
Bad credit car loans can be expensive, so work on getting you credit score up

Read Through The Details Of Your Car Loan

Regardless of whether you are applying for a bad credit car loan from or from a mainstream lender. You should look at the entire cost of the loan. Consider if there are penalties for paying off early. Additionally, look at the duration 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 $800 car payment. However, you don’t want to have a 6 year loan with a 18% interest rate on a $10,000 car either. Also, after a couple years of payments your credit should have started to rebuild. So try and refinance the loan.


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

It is a good idea to try to improve your credit score prior to you searching 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 incorrect associations or entries cleared away. And absolutely see to it that you are making all your monthly payments in a timely manner. That way you can bit by bit rebuild your credit score. You would be taken aback at how much of a desirable impact that can have on your credit score. In fact, a modest improvement in terms of ‘points’ could move you out of the sub-prime bracket and make things 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 circumstance.

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.

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