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Two Tips to Help You Get an Auto Loan With Bad Credit

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Having a car is one of the ultimate signs of personal freedom.  You can come and go as you please without having to wait for public transportation or bother anyone else for a ride.  However, if you have less than perfect credit, you may think that it will be impossible for you to secure an auto loan so you can get your own vehicle.  Don't let your credit history keep you from the car you desire; use this information to learn more about what you can do to get an auto loan when you have bad credit.

Build Up Your Work History

The first thing you should do when you need to get a car financed and you have bad credit is build up your work history.  Some lenders will put more emphasis on the length of time that you've been at your job, and may allow this to outweigh any blemishes on your credit.

When you go to purchase a car they are typically going to ask you for your employment history.  If you jump around from job to job without building up a significant amount of tenure, it may be a bad sign, since the lender needs to know that you have a steady source of income that you can repay the loan with.

Instead, take some time to build up a respectable employment history before you buy your next car.  Showing that you have enough diligence to work for one employer over time may lead the lender to overlook your credit history and base their decision off of the money that you make through your employment.

Join a Credit Union

If you're a member of one of the bigger, national banks, it may be more difficult for you to get a car loan through them when you have bad credit.  They have a larger pool of consumers to lend to, and may have more strict requirements.

Joining a local credit union could put you one step closer to the car that you've been wanting.  These institutions may have more lenient requirements and fewer members to lend money to.  Since banks are in the business of lending money so they can make money on the interest, you may find that your local credit union is willing to extend a car loan to you.

Don't let your credit report stand in between you and your new set of wheels.  Start using these tips right away so you can get a car as soon as possible. You may also want to investigate local dealership websites, such as, to see what kind of financing they offer.