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Auto Loans

I Was Denied an Auto Loan. Now What?

Auto Loans, Non QM Loans
You’re in the market for a new car but you’ve been denied an auto loan. Now what? Here’s what you need to know about why you may have been denied and what to do to make sure it doesn’t happen again. Why Do I Keep Getting Denied for Auto Loans? Unfortunately, there are many reasons a bank might reject your application for a car loan. If your loan application has recently been denied or you keep getting denied, it might be due to one of these common reasons: Application errors. Sometimes, the application could be rejected because of an error you made when filling it out. A missed section, some incorrect information, a missing form or another mistake can mean your loan is ultimately denied. Bad credit. Bad credit is a common reason for auto loan denial. A score below 670 is usually ...

5 Steps for Getting a Car Loan

Auto Loans, Non QM Loans
This Article was Updated July 5, 2018 When you are looking to buy a vehicle, the first thing you should do is apply for a preapproved loan. The loan process can seem daunting, but it’s easier than you think and getting preapproval prior to going to the car dealer may help alleviate a lot of frustration along the way. Here are five steps for getting a car loan. Check Your CreditKnow Your BudgetDetermine How Much You Can AffordGet PreapprovedGo Shopping Looking to Refinance or Buy a New Car? Find the lowest rate when you compare rates from multiple lenders, even if your credit isn't perfect. Get Started Now Privacy Policy 1. Check Your Credit Before you shop for a loan, check your credit report. The better your credit, the cheaper it is to borrow money and secure auto financing. With a ...

7 Things to Know About Giving (or Getting) a Car for Graduation

Auto Loans, Non QM Loans
Behind every diploma bestowed at high school and college graduations is a lot of hard work. And for some lucky grads, that hard work gets rewarded with a milestone gift: their own car. If you’re planning to buy a car for the new grad in your life, we’ve got some advice on making the right choice. And if you’re the recipient, we’ll share a few tips to help you drive into the future with confidence. What to Consider If You’re Giving a Car to a New Grad You’re so proud of your new grad for all their hard work that you’ve decided to shell out for a set of wheels to carry them on to their next adventures. Whether you’re getting your grad started with a well-loved (read: used) older car you bought from a neighbor or you’re splurging for a brand-new ride wit...