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If you have bad credit, getting a loan for a car or any kind of loan presents a problem. There are companies that offer bad credit car loans for people who have filed for bankruptcy, have slow pay history or other severe credit problems.

The majority of Internet sites that offer to give you a bad credit car loan are really just loan mills that

collect your information and sell it third party loan companies that specialize in bad credit car loans.

These companies that advertise bad credit car loans are not in the position to approve your application

or get you a car. The application that you complete online arrives at their data center. They send this

information to several dealerships that offer bad credit car loans. If you apply online for a bad credit

car loan you will receive a barrage of telephone calls and junk mail soliciting your business.

The best option is to go directly to your local car dealership that offers bad credit car loans to apply

for credit. Your interest rate will be high and your selection of the type of car you can purchase may be limited. However, you will be sure that you are dealing directly with a real company that will try to get you a car regardless of your credit history.

Some bad credit car companies will allow you to take over the payment on a very nice car. The prerequisite is that you need over $2,000 to purchase a lojack system. The bad credit car loan people will have the ability to disable your car if payments are not made on time. Whatever choice you make to get a bad credit car loan, insure that your payment history will be provided to the credit agencies.

Buying a car with a bad credit car loans can have a positive impact on your credit history if handled correctly. If you have a job that can be verified, and if you are not currently involved in a bankruptcy,

than you can more than likely get a bad credit car loan. Call the car dealership directly and ask if you can be pre-approved for a car before you go to the dealership. Now is not the time to be shy. Your credit may be spotty but you have the opportunity to get a car and improve your credit at the same time. If you can get a pre-approval for a bad credit car loan you will feel confident before you walk

into a dealership.

Working with a local dealership you can be sure that you will get assistance. After all, they make money by selling you a car. Of course they make more money because they approve bad credit car l

oans, which add additional profit to the car dealership. Look at all the options that are available to you.

Bad credit did not happen overnight. Fixing bad credit takes time and persistence. Today you need a bad credit car loan but if you pay the payment in a timely manner, your next car loan can be on your terms.

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Source by Tim Gorman