Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Written by Sara Routhier
Director of Outreach Sara Routhier

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Jul 21, 2021

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In this poor job market, finding and keeping a job is of the utmost importance. Given the fact that many cities and suburbs lack of an adequate public transit system, most people need a vehicle and rely on that vehicle to make a living—regardless of how good or bad their credit score is. That’s why the demand for bad credit car loans is so high.

To apply for a bad credit auto loan, use this form:


Due to the housing market collapse, millions have seen their credit score melt away when their homes were foreclosed on. However, given the nature of underwater assets and the financial liability of retaining an upside-down home loan, many of those who experienced foreclosure did so voluntarily. As a result, they are not necessarily risky borrowers.

Many auto loan lenders realize that and are pioneering the lending industry by granting bad credit car loans to those who have defaulted on their home in recent years. Consequently, those with a poor credit score may find that obtaining car financing is slightly easier than anticipated.

While interest rates will likely be higher than they would be for a prime borrower, taking out a bad credit loan at a high interest rate beats being prohibited from taking out a loan altogether. That’s particularly true when a borrower has to have a vehicle to drive to and from a job.

If time is not pressing, however, a borrower may want to consider taking the necessary steps to improving their credit score before financing a vehicle.