Finding someone to give you an auto loan when you have bad credit can be tough.  People in Chicago and it’s surrounding suburbs may now have help thanks to new programs with local lenders and finance managers teamed with New Start Auto Loans.  New Start Auto Loans has teamed up with finance programs in the Chicago area in order to better serve the auto loan needs of those with bad credit or bankruptcy.

Illinois has different repossession laws than many other states and has changed those laws which may make it easier for people with bad credit to find the financing they need.  If you live in or near Chicago Illinois and need a car loan don’t let bad credit stand in your way.  Just complete the easy, two step application to be matched to a finance manager.  Once matched you will need to gather up some documents that will be forwarded to your auto loan lender by your finance manager.  These documents may include proof of income such as check stubs or award letters, phone bill, and utility bill.  Gathering these documents before you look at cars will likely speed the process for you when you are ready to take a car home.

Click here to complete an auto loan application

If you have done any research on getting a car loan, while having bad credit, you may have come across some articles stating that you can look for financing on your own before heading to the dealership.  While it is true that you may be able to find financing on your own, and may have asked, should I try to get a loan for myself; it will be akin to buying a house without a real estate agent and the same amount of pleasure derived from doing your own root canal.

The dealership that you are matched with, through a site like New Start Auto Loans, have people that spend all day, every day working with banks and lenders.  They know which lender will work with people that have no credit score at all or which ones will look past a bankruptcy.  Trying to decipher which bank will work with you could take an enormous amount of effort and time.  In addition to the headache this search will cause, you could also end up damaging your credit score even more.  When you have too many inquiries on your credit, it can actually lower your score further.  So instead of helping your situation, you have made it even more difficult to get a loan when you finally give up and go to the dealership anyway.

So, rather than try to get a loan for yourself, save yourself time pain and confusion and find a qualified dealership and let them do the leg work for you.

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If you have bad credit, banks may require you to put some money down on your auto financing.