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Auto loan specialists helping people with bad credit buy a vehicle and start rebuilding their credit.

Posts Tagged ‘auto loans’

The Lowest Monthly Payment is not the Best Deal

Friday, July 2nd, 2010

We have all done it: Buy something just because the monthly payment is low. It happens at electronic stores, auto dealers, and even late night infomercials. There are so many ways to get credit cards  and other lines of credit that it is unsurprising that so many people get in over their head. U.S. News [...]

Am I really Approved for an Auto Loan?

Monday, February 8th, 2010

All of our customers are approved for an auto loan, even with bad credit. We deal with a few select local dealers, and all transactions are processed directly through WA Auto Credit in our Olympia office. Just like any other loan, auto loans have stipulations and other requirements set by the lender. The auto loan stipulations [...]

Washington Auto Credit in Spanish

Thursday, November 26th, 2009

We are pleased to announce that soon there will be a Spanish version of WashingtonAutoCredit.com so that we can better assist our Spanish speaking community. In addition, we will be adding new bi-lingual staff to our WA Auto Credit team within the next couple weeks. If you know someone that needs help getting an auto [...]

Got a Pre-Approval in the Mail? Read the Fine Print.

Thursday, November 19th, 2009

Sound too good to be true? It should, because it almost always is. Unless you have REALLY good credit, those pre-approvals you get in the mail for auto loans are bogus. There is typically 2x-3x as much text in the disclaimer area of the mailer than there is on the main advertising area.

Auto Lenders Start to Loosen Lending Standards

Wednesday, September 30th, 2009

Is the worst of the financial crisis behind us? Well, I was skeptical, but now I am starting to believe. Several auto lenders have recently announced friendlier loan guidelines, or they plan to by the first of the year. Lower interest rates, higher loan advances, lower acquisition fees. Slowly but surely, things are looking better. [...]

Auto Financing for Self Employed

Saturday, September 19th, 2009

If your credit is “less than perfect” and you are self employed, you may have noticed that it can be very difficult to get approved for auto financing. There are lots of reasons for this, but the most important reasons are: 1. Auto loans for self employed people tend to

Landlord Verification for Auto Loans

Wednesday, September 9th, 2009

Let me preface this post by saying that it applies to people getting bad credit auto loans and first time buyer loans only. If you have good credit, lenders do not typically verify info with landlords or mortgage companies before they fund your auto loan. There, now that that is out of the way…

Gas Prices in 2009 Mean Increased Auto Lending

Saturday, August 22nd, 2009

The last few weeks of summer usually signal the highest gas prices of the year.  Luckily, we still have not come close to the $5 per gallon we saw in 2008.

WA Auto Credit helps with Bad Credit Auto Loans

Tuesday, August 18th, 2009

Stop me if you have heard this before: Customer calls “bad credit car dealer” to get pre-qualified for an auto loan. “Bad credit car dealer” tells customer they are approved for an auto loan and they need to come in right away before the financing expires. Customer drives to the car dealer, sometimes 4-6 hours [...]

UACC is Back Doing Auto Loans

Tuesday, July 28th, 2009

After a several month hiatus, United Auto Credit Corp. is back to lending for people with bad credit and bankruptcy. Their basic guidelines require that applicants have 24 months continuous employment with no more than 2 employers. All bad credit on applicants bureaus needs to be within a fairly tight time-line and have been a [...]

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