Bad Credit Auto Loans in Talladega (AL)

Getting your loan pre-arranged is an effective way to simplify the car-buying process, and we can help. Our application placement system takes the legwork out of getting approved. This is how the process works:

  1. Take a few minutes to fill out our loan application.
  2. Log in to your inbox for your approval status.
  3. When your application has been placed, consult your lender or dealer to finalize your paperwork.
  4. Now you can select the car or truck you want from a nearby dealer.

Sounds simple, right? It truly is!

Talladega Bad Credit Auto Loans

Have you got a FICO score of 620 or less? Below-average credit is not a deal-breaker. If you simply went from one dealer to another, submitting applications, you may be rejected more than once. But with our service, you can apply online, and we’ll find a lender willing to get you behind the wheel. Income is their first concern, not credit rating. Yes, your APR won’t be as low as someone with a credit score of 700 or higher, meaning it’s important to choose a cost-effective car or truck with affordable monthly payments. Let us find you a dealer in Talladega who’s willing to accept your credit – and since we’re reimbursed by the dealers directly, it’s free! Apply Now!

The table that follows depicts how much you can borrow, derived from a monthly income of $1,279, the average in Talladega. These sums are simply estimations. You may qualify for a different amount. Speak to a vehicle finance specialist to find out more.

Credit Income Factor Loan
Great Credit 10 $12,790
Fair Credit 9 $11,511
Slow Credit 8 $10,232
Poor Credit 7 $8,953
Really Bad Credit 6 $8,953

Simply because it’s possible to borrow such an amount, doesn’t mean you should. A smaller loan is a good option, because it will mean less financial stress.

Talladega Car Loans, No Down Payment?

No down payment? Often, this won’t prevent you from being approved. However, a down payment is a good idea for a number of reasons: it reduces your monthly payment, interest paid, and problems with being underwater. An ideal down payment would be 20% for a new vehicle, and 10% for a pre-owned one. That being said, we understand that down payments take a lot more dedication given the current market conditions. We help consumers get approved all the time, despite issues with their credit and down payment. Apply now!

How About In-House Financing in Talladega?

Buy here pay here financing is often referred to as:

  • We Finance
  • Rent to Own
  • Tote The Note
  • Your Job is Your Credit

Consumers who cannot get approved for a loan due to serious credit problems often find themselves at these types of car lots. Payments are made to the dealer, sometimes weekly, and the vehicles are typically priced at less than $10,000.

It’s usually best to steer clear of these kinds of dealers, going instead with a car loan from a bad credit car dealership in Talladega which offers cheaper APR rates. Apply now – no minimum credit score necessary.

Talladega Consumer Profile

The following are average stats for Talladega residents.

  • Pre-Tax Salary: $1,279 Per Month
  • Average Car Payment: $141 (11% of Income)
  • Ideal Car Payment: $102 to $128 (8%-10% of Income)

Talladega Consumers by Credit Tier

Curious about the credit scores of your friends and neighbors? We’ve calculated how many Talladega consumers fall into each credit tier.

FICO Score % of Population Residents
300-499 2% 554
500-549 5% 1,385
550-599 8% 2,216
600-649 12% 3,324
650-699 15% 4,155
700-749 18% 4,986
750-799 27% 7,479
800-850 13% 3,601

Your credit rating will primarily determine your APR. However, if you have sufficient income, we can ordinarily find a lending company for you, even when you have below-average credit.