FAQS (Frequently Asked Questions)

No. You are not required to pay any fee whatsoever if you choose to use our services and submit an application. There are no hidden charges that you need to worry about. Finance costs and rates will vary according to the lender and your current credit status.
No. You are not obligated in any way to accept a loan or loans offered by any of our dealers or lenders.
Once you’ve submitted your application, we match you to the auto finance partner within our network that best suits your needs. If they approve you, they will contact you directly and assist you in finalizing your loan.
The interest rate you will pay is dependent on the amount of your loan, the type of car you purchased and your credit score. Once your application is approved, you will be contacted by a credit processor who will give you all the details you need to know about your loan, including the interest rate and how much you are expected to pay monthly.
A down payment is usually required unless you have good credit. The down payment amount will vary depending upon the selling price of the vehicle and your credit score.
If your loan is approved by one of our direct lending partners, you will be able to go to any auto dealer and select any car they have that fits within the maximum loan amount. If your loan is approved by one of our auto dealer partners, you’ll need to purchase a car from them. Keep in mind that even if you are approved by an auto dealer partner, they are always able to search other dealerships to find a car that meets your needs.
Most of the time our lender and auto dealer partners can complete the loan process within 24 hours.
We understand that not everyone will have a perfect credit score. This is why we have a vast network of lender and dealer partners that specialize in providing auto financing for all credit situations.
Applicants with extremely poor credit may be required to have a co-signer.
Your personal and sensitive information is 100% safe here at All Credit Car Loans. All the information we receive from you is encrypted and goes through strict industry standard security protocols.

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Auto Loan Refinancing Explained

If you're in the market for a vehicle and have bad credit, you've probably been asked by a car dealer or two about whether or not you have money to put down. This is common and depending on your credit score, you may or may not have to have a down payment. All car dealers have different requirements for money down and it can depend on a number of factors. Here, we'll take a look at how different types of car dealerships and lenders view down payments, as well as, how they can affect your loan approval.

New Car Dealerships

Most new car dealerships are able to apply rebates and incentives to reduce the need for money down. If you have negative equity in a vehicle that you're trading in, you may have to provide money down to cover the negative equity so that it's not carried over into your new loan. While buying a new car while having bad credit isn't so common, there are many manufacturer's that offer lower priced new cars with attractive financing incentives to make buying easier for people with lower credit scores. Kia and Hyundai are known for their bad credit financing programs and this may be something worth looking into if a new car is what you're interested in. You may wish to call your local dealer to find out about current rebates and incentives that you can use in lieu of a down payment.

Online Loan Matching Services

Services available online in some cases may be able to match you with a lender willing to help you get approved for a car loan with little to no money down. It's a matter of finding the right combination of vehicle and dealer, to work with your individual circumstances.

In Summary

Having bad credit often leads to the need for a down payment when buying a car. New car dealerships may offer incentives or rebates to offset the need and used car dealers may be able to make the numbers work in your favor. Buy here pay here car lots generally always require down payments. Negative equity in the vehicle you're trading can prevent you from being able to buy without any money down.

Used Car Loans For Bad Credit
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No Credit Car Loans: Bad Credit, No Problem

Car Loans For People With Bad Credit

Auto Dealers are finding selling their vehicles online hit or miss at best. Auto Trader and eBay along with Smart Auction from General Motors are offering some of the best options to an Auto Dealer. Why is it that less than 10% of the vehicles listed online are actually selling? There are plenty of companies offering solutions but none seem to be working on a consistent basis. What about the dealer with an internet department? Is he any more successful?

Internet selling has gotten to be big business for the local Auto Dealer. Large or small dealers have different needs but the same outcome. Selling successfully online is a necessary addition to their bottom line and overall sales numbers. Each and every dealer, no matter the size, needs to be able to sell effectively online.

The time and money that selling online costs the Auto Dealer can be a lot less than classic print, radio and television advertising. So why has the local dealer stayed away from selling online? Most are intimidated by a market that is selling less than 10% of the vehicles that are listed in a medium they do not understand.

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