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“… If you have bad credit, and you need a car loan, FederalAutoLoan.com is here to help you. At FederalAutoLoan.com, we understand the difficulties that consumers with poor credit face. We know that many lenders and auto dealers don’t even want to try to help …”
Federal Auto Loan: Your national connection source for bad credit auto loans and poor credit car financing.
FederalAutoLoan.com was established upon common American principles – those of honesty, hard work, and a helping hand for one’s fellow man. And here at Federal Auto Loan, just like the freedom and liberty with which this country was founded on, we believe there to be certain truths in the world of financing that are self-evident: that at times, people go through financial hardship… and simply need a little help to get back on the right track; and that poor economic situations often take a serious toll on the financial prosperity of many individuals. It is for this very reason that, here at Federal Auto Loan, we have developed a consumer connection program designed specifically to lend people a “helping hand,” and assist them in getting connected with the bad credit auto loans they need. FederalAutoLoan.com has established a nationwide network of bad credit auto loan lenders and dealers who specialize in helping people who have credit challenges. But more than this, we also do our best to provide our customers with extensive articles and information to aid in researching all aspects of their bad credit auto financing decision. Simply put, all financial decisions are important – and each one should be considered carefully – especially during times of financial difficulty.
It is an unfortunate reality that finding car loans for bad credit with a reputable bank or lending institution, or even through an auto dealership is often a strenuous and difficult task to accomplish at times. This is especially true if you hope to find a decent rate on your bad credit auto loan. Unfortunately, when it comes to auto loans with bad credit, borrowers are typically forced to suffer through a higher monthly payment – a “price” and pay a “premium” for having poor credit. The good news is that there are many options for great subprime auto financing. There are hundreds of lenders and dealers across the nation who specialize in bad credit car loans. And these lenders and dealers want to help people with bad credit get the poor credit auto financing they need. Further, some of these lenders and dealers are even able to assist with bankruptcy auto loans. Others are even willing to work with people in need of a car loan after having a vehicle repossessed! And while you probably won’t get as low a rate as you would if you had good credit, shopping around can help you find more competitive rates for your situation. The only trick is knowing where to look…
Federal Auto Loan can help connect you with the bad credit auto financing you’ve been searching for. A large percentage of the car purchases made in the United States are financed with the help of bad credit auto loans. This is because more than ever, Americans are struggling with poor credit scores. Thankfully though, as a result, there are a greater number of bad credit auto loan specialists available to you. We at FederalAutoLoan.com have a goal of matching as many bad credit customers as possible with one or more of the lender/dealer affiliate financing specialists in our networks. From there, we hope auto financing will be made available to you, regardless of bad credit struggles. Take just a couple minutes to apply through our safe and secure website, and we’ll do our best to connect you with a financing specialist who will try to help you get the bad credit car financing you need. Don’t worry, our program requires absolutely no commitment from you if you apply. Our interest is to help you, not rope you into a contract—therefore our program is free. If we are able to connect you with one or more lenders and/or dealers, you are under no obligation to work with them. You are free to make your own choices, FederalAutoLoan.com is simply here to help make those decisions a bit more manageable. And remember, as with any financial transaction you should research any company you are looking at doing business with and make sure to consult your financial and/or tax advisor and review all elements of the transaction carefully to be sure you are getting a good deal.
FederalAutoLoan.com. Good credit. Bad credit. No credit. All good.
Bad Credit is Situational
An incredible number of people are suffering through bad credit scores as a result of the “not-very-good” economy. And many times, poor credit is the troublesome aftermath of a difficult situation such as a job loss or illness. Regardless of the reason, transportation is a necessity in this world. And regardless of poor credit scores, you should be given the opportunity to fulfill this need… You surely aren’t a “wicked delinquent”, and shouldn’t be treated as one. Often, lenders will deny honest, reliable people simply because those people have experienced trials that proved nearly impossible to bounce back from. And those people not only have a desire to escape from bad credit’s clutches, they are searching for a bad credit car loan to help with this need. Because of this, FederalAutoLoan.com was created with an established network of reputable lender and dealer affiliates who are trained to work with bad credit customers—even the ones with no credit or bankruptcy tainting their credit reports. Together, with our lender and dealer affiliates, we hope the end result is you driving off in the car you need while improving your credit score along the way.
Auto financing varies greatly from person to person because of their widely differing circumstances. They may fall into one of two different car loan categories: “poor credit” or “high risk”. Either way, many traditional lending institutions try to unfairly categorize poor credit sufferers into their “bad credit and therefore irresponsible” file. Because no one financial situation is the same as another, it is impossible to classify people in such a way. Here at FederalAutoLoans.com, we believe that poor credit car loans can be separated into five general groups: Poor Credit Auto Financing, Second Chance Car Loans, No Credit Auto Loans, Bankruptcy Auto Loans, and common Bad Credit Car Loans/Subprime Auto Financing.
A Bit of Information on Poor Credit Auto Financing
The reasons one may be stuck with a bad credit score vary greatly, and lenders do take that into consideration. Some situations that result in a sub-par credit score are viewed more favorably than others, and some are more easily forgiven in the eyes of a lender. Many times, you can pinpoint an event for which the bad credit was an unfortunate consequence. These disastrous circumstances could include a serious illness or injury, loss of employment from a long-standing job, or estrangement or divorce. Generally, these events are out of our hands, and are disheartening enough. It can feel even worse to be treated like an irresponsible person when bad credit really was just an unfortunate product of your situation. But if any of these situations describes yours, lenders are almost certainly going to be more more forgiving of this, and more willing to work with you. However, your credit score prior to the life-altering event will be taken into consideration—your credit should have been good or fair before the incident caused it to drop. Should this be the case, lenders may choose to label you as a poor or fair credit risk instead of a bad credit risk, and poor credit auto financing can be within reach.
We at Federal Auto Loan know that life can throw curve balls at every turn, and regardless of who you are, we all experience struggles. Even if you believe yourself to be an incredibly responsible and economical person, we know you may have experienced financial hardship and credit adversity. You may have planned, scrimped, and saved, yet still found yourself in a bad credit situation. Helping people through this rough patch of life is what we at Federal Auto Loan do. If you are a fair or good credit risk, we would like to try to help you. Don’t do it on your own—accept our help and apply for a poor credit auto loan through our web site, and we’ll start working for you… At no cost to you whatsoever and with no obligation on your part to work with the lender or dealer affiliates we connect you with!
What You Need to Know About Second Chance Car Loans
We know these past few years, economically, have been rough. As a result, many people have become mixed up in unfortunate credit situations. To further those troubles, many of the people struggling with poor credit are in desperate need of a car or truck, and to be given a chance to improve their financial situation. There is hope: second chance auto loans are designed to do just that. Second chance auto loans, bad credit car loans, sub-prime auto loans all mean the same thing—they’re opportunities for people with bad credit to obtain financing, so that the car they need is within reach. These types of loans do tend to have higher interest rates than those of traditional car loans, but they grant bad credit car buyers with the second chance that they need, and that’s more than we can say of many traditional lenders who are simply unwilling to lend to people with bad credit scores. With sub-prime auto loans, customers are given the chance not only to drive off with the car or truck they need, but also to begin to take control of their credit situation once again—and in turn, their lives.
It is because of the fact that life can be so unexpected and, at times, full of grief that FederalAutoLoan.com is in business. Regardless of any planning, saving, and frugality, it is possible that anyone can experience financial strain, and as a result—a drop in credit score. It isn’t fair for everyone with bad credit to be labeled as a high-risk person because many actually aren’t. We at Federal Auto Loan do understand, and it is our mission to try to aid those who have experienced financial stress achieve approval for a bad credit car loan. If you choose to apply through our web site, the process takes just a few minutes, and it’s likely that you’ll be matched with one of our lender or dealer affiliates that specialize in bad credit auto loans. Our application is safe, secure, and free. And you are under no obligation to work with any lender or dealer affiliate we match you with… So take a few minutes and apply today.
The Basics of No Credit Auto Loans
People without any established credit, or little established credit, may be offered what is called a “no credit auto loan”. Now, no credit auto loans are somewhat hard to come by, but not certainly not impossible. Again, there are specialists around who are experts in helping people with difficult credit situations, but they can’t help everyone. And keep in mind that finding a cosigner may be the only way to be approved for a no credit car loan. Regardless, there are a number of steps that you can take that may help improve your chances of no credit car loan approval:
Begin to establish credit by applying for a credit card, using it, and paying on it every month
Remain fairly stable—both employment and living situation
Set up both a checking and a savings account
Always make on-time payments for all bills and debts
Applying these tips to your life can help you get started on establishing an upstanding credit history. Doing this will make your future loan approval chances considerably simpler. As an added plus, by following these steps you may be able to steer clear of the taxing results sufferers of bad credit ensue. As long as you are consistent in paying your bills on time, financial freedom can be in your future.
If you use FederalAutoLoan.com, we can try to help you with your no credit financing needs. Through our network of lender and dealer affiliates, approval for a no credit auto loan could be within your reach. All you need to do is fill out our easy, safe, and secure application. Applying is totally free to you. Next, we try to connect you with a financing specialist who wants to work with you towards financing a car or truck to suit your needs. Should you choose to not work with any of the lenders or dealers we connect you with, that’s okay! You are under no obligation to work with them. Simply move on and have no concerns.
Important Information on Bankruptcy Auto Loans
Generally, the bankruptcy auto loan process is similar to the bad credit car loan process. The few differences between the two usually depend on how the bankruptcy was executed and finalized.
A Chapter 7 bankruptcy is sometimes called a “liquidation bankruptcy” because assets may be liquidated to pay off creditors. Credit scores may vary greatly after a Chapter 7 bankruptcy. If you choose to apply for a bankruptcy car loan, the court will appoint a trustee to decide whether or not to approve you for it. The trustee will ensure that all the debts have been paid within the required time frame. Keep in mind that Chapter 7 bankruptcies usually remain on your credit report for a full 10 years.
People who file for Chapter 13 bankruptcies are usually able to keep many of their assets such as home and cars. The process usually begins when the court schedules a 5-year-plan for payments to be made to the creditors. It is essential that the person filing for bankruptcy follow this schedule. If not, he risks losing his home or other assets of value. Like a Chapter 7 bankruptcy, a trustee will be appointed to decide whether or not to approve new lines of credit, such as an auto loan. Approval for a new line of credit is likely if the person filing for bankruptcy applies within 12 to 24 months of filing. Chapter 13 bankruptcies can be purged from your credit report in as little as 7 years.
Because of the many hardships that come with life, filing for bankruptcy might be something you have had to do. We at Federal Auto Loan understand this, and don’t want you to feel alone—you’ve been struggling enough already. No matter where you’re located, we have a network of lender and dealer affiliates who will try their best to get you approved for a bankruptcy auto loan. All you need to do to get started is fill out our online application. It only takes a few minutes, and it’s at no cost to you. And remember, if we do match you with one or more lenders and/or dealers in your area, you are not required to work with them if you don’t want to. So don’t feel like you have nowhere to turn, let Federal Auto Loan help you work towards the bankruptcy car loan that you need.
General Information About Bad Credit Car Loans
Customers who have only a little credit history, or those who have poor credit, usually have the option of applying for bad credit car loans. Poor credit can be a result of a number of things: unpaid bills, unsettled repossessions, forgotten medical bills, checks that too often bounce, bankruptcies, and other financial issues that may make creditors uncomfortable. To lenders, these issues usually signal a bad credit risk. If you’ve found yourself in these situations often, try your best to change those habits. Make a budget and stick to it. Continuing on the path that you’ve been on will presumably keep you in a never-ending loop of credit struggles, and only create more pain for you in the future. There is hope—we at Federal Auto Loan can help you figure out where to start. A bad credit auto loan can be a stepping-stone towards rebuilding your credit score. This, in turn, may lead you to financial freedom in the future.
Regardless of your particular bad credit situation, we at Federal Auto Loan want to be your ally. Through our network of lender and dealer affiliates, we hope to match you with one (or more) who wants to work with you towards approval for a bad credit auto loan. Just fill out our free application. It’s safe, secure, and with no obligation on your part. It is our job to try to connect you with a lender or dealer affiliate. And it is their job to try to get you approved for the poor credit car loan that you need. This is our specialty, so allow us to help you.
FederalAutoLoan.com: Your Connection to Bad Credit Auto Loans, Bankruptcy Car Loans, and No Credit Auto Financing
We at Federal Auto Loan believe that we are a great online option to find bad credit car loans, poor credit auto loans, second chance car loans, and no credit car loans. Stop searching high and low for car loan lenders or dealers in your area who always seem to turn you down because of your credit situation—there’s no need for you to put yourself through all that hassle and embarrassment. You need a specialist in bad credit car loans, and that’s where FederalAutoLoan.com comes in. Our networks of lender and dealer affiliates have many experts in bad credit car financing, and people with bad credit are exactly the customers that they want to work with. Once you apply through our website, we will turn in every legitimate application to our to our network to try to get you a connection. We won’t filter certain applications out if bankruptcy, self-employment, poor credit, or other issues such as these. Every person is given a chance.
Federal Auto Loan is designed to connect you with specialists in your area who want to get you approved for auto financing. Not only that, our website provides you with informative articles, videos, and budgeting tools to help you make an informed decision. Our company is accredited by the Better Business Bureau, and holds an excellent rating. Most importantly, when you use our service, it’s free with no obligation on your part. We’re glad you’ve chosen to work with FederalAutoLoan.com, and are excited to help you on the road to financial freedom!
Bad Credit Auto Loan Resources…
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