Call or Request an auto car loan for bad credit today
A car loan despite negative credit checks and without a guarantor is not easy to obtain. Without exception, every bank or savings bank obtains negative credit check information from its customers and will always reject the loan application if there are negative entries. Alternatively, a surety or other collateral could be provided. For this reason, anyone who has bad credit and still wants to get an auto loan is forced to view wowloans.
Many foreign lenders require regular income from their customers. In contrast, credit check information does not matter at all. It depends on the case whether there are other requirements to be fulfilled. If necessary, a private credit broker can be engaged to search for a suitable lender. For a car loan despite negative credit checks and without a guarantor, no preliminary costs should ever be paid. A lender who requests this is highly dubious and should be avoided at all costs.
Even if the lending criteria for a car dealership loan are not as strict as for a bank loan, this does not mean that a car loan can be obtained here despite negative credit checks and without a guarantor. There are always good chances if a larger down payment can be made or if further security is available. Whether this is possible with a bad negative credit check remains to be seen. The most important loan security is the car.
It only becomes the property of the customer when he pays it in full or when the loan to finance the car is fully repaid. Until then, the dealer always has the right to withdraw the car in the event of serious payment arrears and only hand it back to the customer when he has fulfilled his payment obligations.
Even with a good credit history, your lender may still insist on a guarantor – someone with a good credit history and proven funds or employment, who can guarantee that the repayments will be kept up to date.
If you have any questions or aren’t sure who might act as a guarantor for you, get in touch with our team. We’ll be happy to answer any questions you have.