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There are a lot of finance companies online competing for your company, to finance your vehicle. Just beware of un... If you have a recent bankruptcy but want an auto loan, you may be surprised at how simple it still can be to get authorized for an auto loan. Because the bank can protect themselves by using the automobile as collateral for the loan, it is significantly easier to get automobile financing with past credit issues than it is to get a new credit card or another kind of unsecured loan. There are several finance companies on-line competing for your business, to finance your vehicle. Just beware of unethical lending practices. People with bad credit are typically prey to lending scams. Poor credit borrowers have fewer lending alternatives than other borrowers and some finance companies take benefit of that fact. Right here are 3 issues to do to protect oneself from an unethical auto finance firm. 1. Compare Rates Among at Least 3 Different Lenders On-line - If you have 3 or more loan gives to compare, you are a lot much less likely to take an provide from a lender who is charging excessive interest rates. If you have three or much more interest rates to compare, you will have a good idea of what the average interest rate is that is getting provided to people with credit difficulties for auto financing. 2. Get Financing Before You Check out a Dealer - If you are going to get your car from a dealer, make sure you get your financing before you in fact pay a visit to the an auto dealership. Dealers and lenders often make agreements to perform together to charge the borrower a significantly greater interest rate than they could otherwise get by shopping around. If you have your financing ahead of time, you won't have to accept the financing they offer you you there. 3. Apply With Trustworthy Lenders - If you are applying with lenders who are established and trustworthy, you minimize your chances of being taken advantage of. auto refinancing