How To Get A Car Loan With Bad Credit

If you have a less than perfect credit score, you might be wondering if a car loan with bad credit is possible. That’s where bad credit loans come in. Bad credit car loans are specialised loans available to help those who need funding quickly and easily, and we are experts in helping those in need get funded for their dream car easily.

In some cases, a bad credit loan may also be able to help someone improve their credit rating over time. Bad credit car loans are generally offered by specialist lenders, as traditional lenders can be hesitant to lend to those with bad credit. If you need a car loan quickly, but you think that your credit score could hold you back, we can help.

Read on below to find out everything you’ll need to know about how to get a car loan with bad credit.

What is a bad credit car loan?

A bad credit car loan is a specialist loan that is used to help those with a bad credit score be financed for a car or a vehicle. Those who do have bad credit can sometimes find it difficult to meet the application criteria for a standard loan due to their credit history.

Bad credit loans are designed for people who may have found repayments difficult to keep up with, or who have not had the financial experience to have a high credit score. Generally, anyone who has any type of bad credit can apply for a bad credit loan.

Bad credit loans are different from traditional loans in that they are targeted to help those who have experienced any kind of bad credit. Those who have experienced a bad credit score or history may find a bad credit loan helpful.

The biggest advantage of a bad credit car loan is that it can allow borrowers with bad credit to access finance. Getting a bad credit car loan could even help borrowers improve their credit rating by making their repayments on time.

How to get a car loan with bad credit

If you’ve ever had bad credit, you’ll know how hard it can be to get approved for a loan. Traditional lenders can be hesitant to take a chance on those with bad credit, and will generally reject your application solely based on your credit score. However, not all lenders feel this way.

Some specialist lenders are experts in giving people with bad credit a second chance. These types of bad credit car loans can make it easier for you to get that car you’ve been wanting, without having to wait.

Tiger Finance can have you approved for a car loan quickly and easily, no matter what your credit score is. With our same-day approvals and low-interest loans, we can find a flexible loan to suit your needs with no problems.

What do I need to apply for a bad credit car loan?

The application process for a bad credit car loan is similar to a secured car loan. When applying, you will still need to supply all documentation as you normally would when applying for any other loan. This may include:

Proof of identity – Proof of identity would usually be a drivers licence or a pass[port in your name
Proof of income — You could use copies of your tax return or your recent payslips to prove your income for your loan
Proof of your assets — Your lender may ask to see proof of any shares, vehicles, or property that is in your name
Details of any current debts — Your lender will want to know about any other loans in your name, as well as any credit cards and their repayments. They may also wish to know about expenses such as rent.
Details of any defaults – If you have defaults on your credit file, your lender will generally want to know the details of them

Where does Tiger Finance come in?

To us, you are more than your credit rating. We have helped countless Australians with both good and bad credit ratings to be funded for their dream car. The lending criteria from other lenders can be unfairly strict when you have bad credit, and it can hold you back.

With Tiger Finance, we can help to get you a loan in four easy steps. You will have a free consultation with one of our specialists, and we will tailor-make you a loan. We will negotiate with lenders on your behalf before you are approved.

How we can help

Tiger Finance is here to help you to get your dream car regardless of your credit score. We can make the process simple and pain-free. If you’re ready to drive away in your new car, call us today for your free initial consultation with one of our loan specialists.