In Need of An Auto Loan

[jacab9901]

Hi,

I am in need of a vehicle. I submitted a on-line application and so far I have been denied by: Triad Financial
WFS
Capitol One Auto
Long Beach Acceptance Corp.
Nuvell Financial
Now I am terrified to go into a dealership. Can anyone suggest any other Lenders that deal with bankruptcy or bad credit?

Thanks

[admin]

What is your credit score and how fresh is your bankruptcy? I managed to get financing through Triad through a dealer after Bankruptcy. Their rates are high, mine was 19%.

[Joshua9891]

I did not know that getting loan is difficult after listening to many people. This is not the case with me I don’t know to which places you have visited and did not get the loan. I’ve got my loan from Meridian Financial (Meridianlendersonline.com), Inc. call them at 941-380-9166 I hope this time you will get the loan as fast as possible

[Leena]

Determine your financial situation
This is the first and most important step in the car buying process. You must know how much you can spend before you can determine what you can afford. You don't want to get stuck making a bloated car payment that will leave you eating bologna sandwiches for three years.
First of all, you need to have a monthly budget. This is very easy to calculate. Add up all of your fixed monthly expenses, such as your rent/mortgage, phone bill, etc. Subtract that from your net income. Then subtract your estimated extraneous expenses, such as food, gas, entertainment, whatever. The result should be an amount of money you have to play with.

Here is some useful links for you...

1. Resource for your Auto Loan
2. Credit Card Information - Security Tips
3. Car Insurance - Tips & Advice
4. Health Insurance Resource

[taylah]

We just purchased a new car last week. A good tip we always use is that you do not get talked into going above your budget. We will not look at a new car loan unless it is the same payments or less than what we are already paying. You will find the salesman try and talk you around this but if you stick to your guns you will be a lot happy and will not have as much stress.

[George23]

I am not sure of any who specifically specify in auto loans for those with bad credit or a history of bankruptcy but I am sure there are some if you search online. You are doing things the right way though by getting qualified for a loan before you go in to the auto dealership.

[alizee]

Hello, I certainly agree with you. Thank you very much for sharing your information. It was really very helpful for me.
Thanks for sharing your information

[diane.jsmith]

I think you should go with a legal advice.

[kervinrudes]

Yes! I agree with your great advice, it really works for me.
Your advice was excellent and it really works for beginner also.
Thank you!

[Energy Jobs]

A loan is a type of debt. This article focuses exclusively on monetary loans, although, in practice, any material object might be lent. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

The borrower initially does receive an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A loan is of the annuity type if the amount paid periodically (for paying off and interest together) is fixed.

A borrower may be subject to certain restrictions known as loan covenants under the terms of the loan.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding. Bank loans and credit are one way to increase the money supply.

Legally, a loan is a contractual promise of a debtor to repay a sum of money in exchange for the promise of a creditor to give another sum of money.