Frequently Asked Questions about Bad Credit

Can I get approved for an auto loan with bad credit?
Yes. Auto loans are available for people with bad credit.
What will I need in order to qualify for an auto loan?
In most instances you will need a valid and current driver’s license, proof of income, proof of residence (Lease agreement, utility bill, etc.), and full coverage insurance.
Can someone with no credit or a first time buyer qualify?
Yes. There are programs available to help you start establishing your auto credit. However, greater money down requirements may apply.
How much money down will I need?
The down payment amount that you will need is based on several factors such as your credit profile, the total amount you’re financing, and your payment to income.
Can I use my trade as money down?
Yes. Additional money down may be required if there is a lien on the vehicle you are trading.
Will a Co-signer help me get approved?
In most cases, yes. Approval is determined on a case by case basis.
Can I still qualify if I’ve had a repossession?
Yes. Greater money down requirements may apply.
Can I qualify if I’ve had a bankruptcy?
Yes. As long as the bankruptcy is discharged or you have an Authorization to Incur Debt from the bankruptcy trustee.