Home » Finance » Loans

Poor Credit Auto Loans

Jun 30, 2008
Virtually everyone wants a new car but a bad credit record and lack of resources can put a damper on those plans or desires. Primarily because there is a misconception that people with a bad credit are frowned upon by finance companies but the opposite is true. Poor credit auto loans are created for these high risk borrowers and these loans are easily accessable.

The two man types of poor credit auto loans are:

Unsecured poor credit auto loan - A smaller loan of amount and higher rate of interest and with reduced repayment time is likely with this loan but no collateral is necessary. If you are looking for a smaller finance amount and reduced repayment terms then this probably would be a better choice for you.

Secured poor credit auto loans - To obtain this type of loan you need to pledge some collateral. A greater amount at comparatively lower rate of interest and with longer repayment time is more likely to obtain this type of loan . But if you can't make timely repayments the lender has the right or power to forfeit the collateral.

Based on your timely repayments , you can improve your credit ratings, so that's a plus. Now because of your bad credit history the interest rate on both the unsecured and secured poor credit auto loan is normally a bit higher. But you it is still an advantageous situation because now you have the ability to buy the car you want and improve your credit by making payments on time.

Poor credit auto loans are readily available on the internet the internet is simply an excellent tool to access loans at reasonable interest rates. Easy and fast access to loan information is available via the internet because many lenders have an online presence. You can easily search the many lenders and compare their interest rates and repayment terms and choose the best lender for your specific needs.The online application process can also be much faster. You should check the legitimacy of the company before you apply for a loan from an online company. Poor credit auto loans can be attained through banks, credit unions and dealerships as well if you're uncomfortable with the online process.
About the Author
Before you decide on purchasing anything be sure to take a look at D.R.B Financial Solutions reccomended resources for respected, reputable, lenders specializing in Auto Loans For Poor Credit and Auto Loans Financing
Rating:
Please Rate:
(Average: Not rated)
Views: 161
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources