Are you a candidate for an auto loan for bad credit? If you have a shaky credit score or worse, chances are you're a prime candidate. Auto loans for poor credit can be obtained, provided you meet certain criteria. The following FAQs should define the loan for you in more detail and answer most of your questions with regards to obtaining one.
What is an auto loan for bad credit?
This type of auto loan is for people who are unable to get approved through the conventional means of securing a loan. Such sources include local banks, credit unions or lenders associated with the major automakers such as GMAC and Ford Credit.
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