This Trick Will Get You Approved No Matter Your Credit


Bad credit poses some challenges, but it doesn’t make it impossible to get a car loan. There are a number of things you can do to maximize your chances of getting approved, even if your credit is total garbage.

Here’s how to make the best out of a bad credit situation.

You want to find a lender who has experience dealing with all types of credit situations, including bad ones. You also want a lender that’s willing to work within your budget and (potentially) poor credit history.

AKA don’t go through a bank.

Banks are nervous about giving someone a loan if they’re not in an ideal financial situation. Even if a bank does approve you, you might end up taking the loan regardless of how high the interest rate. Because you need a car, right? And no one else is going to take a chance on you…

…but that’s not remotely true.

At My Ride, we’ve made it our mission to help people in these kinds of situations, where their credit has seemingly left them with no options.

If you’ve been denied a loan by a bank at a car dealership, don’t worry! We can finance your car loan with our own money. We don’t need the bank’s permission.

In some cases, having a credit-worthy cosigner can significantly improve your chances of getting approved. You can piggyback on someone else’s good credit standing, basically.

Just make sure you pay your bills on time. This co-signer has put their trust in you. Don’t let them down!

Yes, you’ve got bad credit. That doesn’t mean you don’t have options. Negotiate the terms of your car loan. Sometimes, by shortening or lengthening the loan term you can improve your chances of qualifying.

A down payment also helps with approval. It lowers the cost of the vehicle and shows lenders you are responsible with money.

Plus, you’ll end up paying less in interest when all is said and done. The more you pay off up front with a down payment, the less you have to pay interest on.

Even if you can pay a few thousand dollars up front, that goes a long way in the end.

Bad credit makes applying for a new car loan difficult. It does not, however, make it impossible. Banks will tell you you’re an undesirable candidate. Then, if they do approve you it’s at an interest rate you can’t afford. It’s a lose-lose situation.

We know that a new car loan can actually be used as a tool to help your credit situation moving forward. We also know this can only be done if you’re approved in a vehicle within your budget. That’s why our entire business is structured around you.

From 24/7 personal shoppers whose job is to find you a car you love with payments you can afford, to eliminating the banks from the process entirely, we can get you approved when other lenders can’t.

We’ll prove it.