What does it take to get a bad credit auto loan? When I first started this article I had given it another title and planned to go someplace else. However, after some research I found that many people need a car loan but are too timid to ask about qualifying. I know this because I was once in the same condition. In 1989 my family owned two businesses in Southern California and had high hopes of achieving the American dream. Then things started to go south and we found ourselves in bankruptcy court. It was the only way out. How did this affect me? I was traumatized to put it mildly but I was determined to start over and I did. I literally reinvented myself. It wasn’t easy and took lots of hard work but I did. Then came the time that I needed a newer car. My credit had improved, I had been able to get a credit card and by using it wisely had improved my credit score. I went to a car dealer and like you - expecting to be turned down for the loan but was pleasantly surprised. It had been 8 years since my bankruptcy and it still showed up and the dealer commented on the bankruptcy. I pointed out that it was eight years before and he said, “Oh, I had not looked at the date.” That was the end of that. I got the financing and at a decent rate too. Things are a lot different now. There are so many people hurt by this current economic meltdown that now a bad-credit auto loan can be had much easier than in 1997. Major banks still won’t give you a conventional auto loan but there are specialty auto loan companies who want to do business with you. Dewey Kearney is the owner of 1-800BadCredit.com and 1-800BadCreditBlog.com He co-owns these sites with his daughter Leslie J. Kearney. Both Dewey and Leslie have over 10 years experience helping people with bad credit get their credit back on track. Our sites offer information gleaned from our own experiences with bad credit in the past as well help finding bad credit car loans, Bad Credit, credit cards at competitive interest rates and best of all Legal Credit Repair with one of the best legal professional companies in the nation. Please visit our sites: www.1-800BadCredit.com & www.1-800BadCreditBlog.com
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