FREQUENTLY ASKED QUESTIONS ABOUT ONLINE AUTO LOANS
When you’re in the market for auto financing, knowledge is power. With a variety of online auto loan options, the average consumer can be left wondering what is their best option. No two people are alike and no two situations are the same. Subprime auto loans are specifically designed for individuals that have suffered from credit challenges in their past. Below you will find the most commonly asked questions people have about online auto loans. If you have a question about automotive finance that isn’t listed, please call or contact us.
What is CreditYES and how does it work?
CreditYES is a trusted online service that helps people with bad credit get approved for auto loans. We have nearly 20 years of experience in providing the best financing options for those who need it most. When you apply online with CreditYES, we prequalify you and connect you with a reputable dealership in your area that can help you find the perfect car for your needs and budget.
What are the benefits of using CreditYES?
Using CreditYES has many benefits, such as:
- You can get approved for a car loan regardless of your credit score or history.
- You can choose from a wide selection of new and used vehicles at our partner dealerships.
- You can improve your credit score by making timely payments on your car loan.
- You can enjoy a hassle-free and fast application process that takes only minutes to complete.
What are the requirements to apply for a loan with CreditYES?
To apply for a loan with CreditYES, you need to meet the following requirements:
- You must be at least 18 years old and a legal resident of the United States.
- You must have a valid driver’s license and proof of income.
- You must have a minimum monthly income of $1,500 before taxes.
- You must consent to a credit check and provide accurate personal information.
How big of a car loan can I get approved for with CreditYES?
The amount of car loan that you can get approved for depends on several factors, such as your income, credit profile, down payment, vehicle choice, etc. However, we work with lenders and dealerships that offer loans ranging from $5,000 to $45,000. Once you apply online with CreditYES, we will match you with the best financing option available for your situation.
How long does it take to get approved for a car loan with CreditYES?
It takes only minutes to get approved for a car loan with CreditYES. After you submit your online application, we will review it and send you an instant decision. If you are prequalified, we will connect you with one of our partner dealerships near you. Then, you can visit the dealership and finalize your loan agreement and vehicle purchase.
Can I apply for a car loan with CreditYES if I have filed for bankruptcy?
Yes, you can apply for a car loan with CreditYES even if you have filed for bankruptcy. We understand that bankruptcy can happen to anyone due to unforeseen circumstances. That’s why we work with lenders and dealerships that specialize in helping people with bankruptcy get approved for auto financing. Whether you have an open or closed bankruptcy, we can help you find a car loan that suits your needs.
Do I need a down payment to get a car loan with CreditYES?
It depends on your situation. A down payment is not always required to get a car loan with CreditYES, but it is recommended. A down payment can lower your monthly payments, reduce your interest rate, and increase your chances of getting approved for a larger loan amount. The amount of down payment that you need depends on the price of the vehicle that you want to buy and the terms of your loan agreement. Typically, a down payment of 10% to 20% of the vehicle price is considered ideal.
How can I improve my credit score with CreditYES?
One of the best ways to improve your credit score is to make timely payments on your car loan. When you apply for a loan with CreditYES, we report your payment history to the major credit bureaus every month. This means that every time you make a payment on time, you are building positive credit history and boosting your credit score. However, if you miss or delay any payments, it will negatively affect your credit score and damage your credit reputation.
What are the interest rates and fees for a car loan with CreditYES?
The interest rates and fees for a car loan with CreditYES vary depending on several factors, such as your credit score, income level, loan amount, loan term, vehicle type, etc. Generally speaking, the lower your credit score and income level are, the higher your interest rate and fees will be. However, we work hard to find you the most competitive and affordable financing option available for your situation. You can use our online calculator to estimate your monthly payments based on different interest rates and fees.
How do I contact CreditYES if I have any questions or concerns?
If you have any questions or concerns about our service or your application status, you can contact us by phone or email. Our friendly and knowledgeable customer service representatives are available Monday through Friday from 9:00 am to 5:00 pm EST. You can call us toll-free at 1-800-273-3489 or email us at firstname.lastname@example.org . We will be happy to assist you in any way we can.