There can be many questions about finding a vehicle when your credit has been damaged.
800BadCredit.com might be able to answer some of them.
Do you have questions about auto loans in Reno? Here are some FAQ’s
Q – If this is my first auto loan, can I get approved?
A – Lenders will typically look at an applicant’s job length, stability & income and in most
cases, there are program available for first-time buyers.
Q – How much will I get approved for?
A – Your gross monthly income (before taxes) as well as the amount of your previous
installment loan history will help determine your approval.
Q – Is it easier to get approved for an auto loan with a co-signer?
A – Sometimes a co-signer can be beneficial, depending on the situation. In some cases, both
aapplicants will have to qualify on their own.
Q – How much will I need for a down payment if I’m approved?
A – It depends on the situation, but sometimes no down payment is required.
Q – If there are collections on my credit report, will that prevent me from being approved?
A – Each situation is different, and collections can affect the outcome of approval, but it
depends on your personal situation.
Q – Can I qualify if I’ve had a repossession?
A – Depending on the situation, it is sometimes possible to qualify for a loan even if you’ve
had a repossession in the past. Our team can help you find out if you may qualify or not.
Q – Are the vehicles junk cars, like at buy here pay here lots?
A – NO! Our vehicles are fully safety inspected prior to being available to sell.
Q – Can I qualify for a loan if I have had a bankruptcy?
A – In a Chapter 13 bankruptcy, we can work closely with your attorney to obtain approval
from the court secure an auto loan
Q – Can I get approved if I am in a Chapter 13 bankruptcy?
A – In a Chapter 13 bankruptcy, we can work closely with your attorney to obtain approval
from the court secure an auto loan
Q – Should I keep or reaffirm my current vehicle in bankruptcy?
A – If you are it the process of a bankruptcy, now is the best time to start reestablishing
your credit. In most cases when you keep your current vehicle, it will no longer report to
your credit bureau and only delays the process of credit re-establishment.
Q – Why buy from 800BadCredit.com
A – Out team has established lender relationships and many years of combined experience in
finding the best auto financing for your credit situation. We work with established banks
and lenders who report to the credit bureaus so your consistent payments will show and help
you rebuild your credit.
If you have additional questions not answered or addressed here, please contact our team at 888-662-0446 for further information
