I
have bad credit. And, I don’t want it to turn south. That’s why; I am looking
for a lender who can approve my auto loan application without checking my
credit score. Can you get me no credit check auto loan?-Danton Smith, Kansas
There are few lenders who offer no credit check auto
loan. But, by allowing the lenders to avoid your credit score, you actually
give them a chance to con you. Also, when you opt for no credit check, the
lender may consider your score to be worse than it actually is. So, always opt
for credit check.
Here’s some news that will make your day brighter:
Fair Isaac Corporation mentions
that it will pay no attention to all inquires made in 30 days prior to scoring.
So, if you are able to get a loan within 30 days, it won’t influence your
credit score. This period of time can
change to 14 days if the older versions are used and can increase to 45 days if
the lender uses the latest formula.
I know that down payment helps in
getting quick approval. But, I don’t have cash to make a down payment of even
10%. Can you help me? Derek Paulson, Tulsa, Oklahoma
You
are correct when you say that down payment helps in approval. But, it is often
seen that people don’t have money to make a down payment. In such a situation,
you can use your old car as trade-in. The dealer will deduct the value of your
car from the total loan amount. Also, cash rebates can be used as down payment.
You can even opt for no down payment auto financing program for a slightly
higher rate.
My
girl-friend and I want to buy a car. But, she has terrible credit. I, on the
other hand, have decent credit. Will her credit report be checked if she is a
co-applicant? Logan Burton, Baton Rouge, LA 70806
When you co-apply for the loan, you jointly take the
responsibility of making regular payments. That’s why; your credit report as
well as hers will be checked. If you are worried about getting rejected because
of her bad credit score, apply on your own. It will lower your interest rates
as well.
I
am buying a RV. The dealer’s having a great discount which means I just need 10
thousand dollars. I have a credit score of 580 which is pretty good. What are
my chances of approval? Nicole, CA
Although you have a great credit score, Fastautoloanapporval.com
doesn’t provide financing program for RV as well as other vehicles mentioned in
the list:
- Motorcycles, Boat
- Vintage Cars/Classic Cars and
Muscle cars
- Commercial vehicles
- Vehicles which are converted,
purchased from Gray Market
- Lemon Cars
- Vehicles which have Salvaged,
Re-built or Branded Title Vehicles.
I have been a victim of identity
theft. I really don’t want to give away my SSN. Is there any other way to get
approved for a car loan – Alison Derek Johansson,
Bennington VT 05201
The company understands
your concern. But, you must not worry about data theft. Fast Auto Loan Approval
is a highly advanced website with SSL technology. Your information is encrypted
so that, it cannot be accessed by hackers.
You can provide your SSN without any worry. Also,
understand that it is impossible for the company to provide you auto loan
quotes without your SSN. It is because
your SSN is used to ascertain your credit worthiness.
Your car loan application needs me
to fill my credit score. I am not sure what it is? –Dylan, Memphis, TN
If you don’t know your credit score, you can write an approximate number.
But, it is always better to know your current credit ratings before applying
for any type of loan.
Increase
your understanding of the auto financing world with the FAQs Page on the website.
If
you have any query, get satisfactory answer by sending an e-mail to the
Company’s Support Team at the address – support at fastautoloanapproval.com
