Auto Credit Loans FAQ

Auto Credit Questions from Car Loan Seekers

November, 2010 Archive

How do I know which car dealership approved the car loan?

Tuesday, November 30th, 2010 by AutoLoan

After you apply for a car loan you can login and check the status of your loan. Once the application is place with one of our dealership partners their information will be displayed within the login section.

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I don’t have good credit. How possible is it to get a car?

Tuesday, November 30th, 2010 by AutoLoan

Car dealers within our network specialize in helping people with bad credit buy a car. Most use indirect lenders or have in house financing. Typically, as long as you have a steady source of income we are able to find a car lot that will extend you a line of credit.

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I wanted to know what my car loan payoff amount is?

Tuesday, November 30th, 2010 by AutoLoan

We are not a direct auto finance lender, you paperwork should have a number or address from the car loan lender that extended you the line of credit to purchase the vehicle.

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Why do you have to have a email address to apply for a car loan why cant you just call the customers?

Tuesday, November 30th, 2010 by AutoLoan

To apply for a car loan with us an email address is need for future correspondence regarding the status of your loan. We do not accept applications over the phone.

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How long do I have to be out of a chapter 7 before I can refi my car loan?

Tuesday, November 30th, 2010 by AutoLoan

I am not sure for refinancing; we do not provide that service. For new car loans, in most states, you can get approved after the initial meeting of the creditors (341 Meeting) which is typically a month or two after filing and a month or two before the final bankruptcy discharge.

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I would like an inexpensive car. Are there rules on a minimum car loan, or a certain year?

Tuesday, November 30th, 2010 by AutoLoan

There are no rules for Buy Here Pay Here dealerships, national car loan lenders typically have a $5000 minimum loan and they finance used cars that are newer than 10 years old.

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Looking to see if the sub prime market is still there. And are willing to lend as in the past?

Tuesday, November 30th, 2010 by AutoLoan

The subprime automotive market is alive and well. We not a car loan lender, however, and we never were.

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I submitted an auto loan application a few weeks back and have not heard anything. Results?

Tuesday, November 30th, 2010 by AutoLoan

If you have not heard anything it most likely mean that your application was not accepted by one of our dealer partners due to income or some other criteria. You can check the status of your car loan application at anytime by logging in on the website.

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What car loan repossession company do you use?

Tuesday, November 30th, 2010 by AutoLoan

We are a car dealer referral service, not a car loan lender. Hence we do not use a repossession company.

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How do I know if I am approved to buy a car?

Monday, November 29th, 2010 by AutoLoan

The car dealership that has extended you the line of credit to buy a car will typically contact you. You can also login on the website to check the status.

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