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Bad Credit

Bad Credit Financing at Stanley Automotive Finance Enterprise

Here at Stanley Automotive Finance Enterprise (SAFE), we understand that life happens. Something unexpected comes up to take your savings, and you get behind on bills. Maybe you have a health crisis or lose a job. No matter the reason for the situation, we believe you deserve a second chance. That’s why we offer bad credit financing to people who can’t get approved for a traditional loan.

Bad Credit Loans for Good People

Bad credit loans are also referred to as subprime financing. This just means that the lender is willing to take a risk on someone with a low credit score or no credit history, but they want a higher interest rate to cover the risk. These loans are designed for people who have had problems in their past, including:

  • Late payments
  • Collections accounts
  • Delinquencies
  • Repossessions
  • Foreclosures
  • Bankruptcy

To qualify for a bad credit loan, you must be able to show steady income. We look at your income as one of the parameters for the loan, but we also consider your price range and how much of a down payment you have

How the Process Works

Getting a bad credit loan is pretty much like getting any other loan. You can get started by filling out our online application. Once you submit the application, we’ll review your information and verify everything. We’ll let you know how much you have been approved for, so you can start shopping for your next vehicle.

Our finance team will talk to you to find out more about your situation. They will help you find a loan that offers affordable monthly payments with competitive rates and flexible terms. You can get into a vehicle that suits you with a monthly payment that won’t break the bank.

Why Get a Bad Credit Loan?

A bad credit car loan can help you get a fresh new start. The lender reports to the credit bureaus, ensuring your on-time payments add positive credit history to your account. After making several monthly payments on time, you can expect to see your credit improve as long as nothing negative is added.

Once you’ve paid off your car loan, you’ll find it easier to get better financing next time for a new vehicle. You’ll qualify for better rates and terms as your credit score moves up.

Tips to Help You Get Approved:
  • Keep your debt-to-income ratio low – lenders like to see that you have extra money for emergencies.
  • Get as much money as you can for a down payment or trade in your current vehicle, which will reduce the risk for the lender.
  • Choose a vehicle with lower payments that won’t take too much out of your monthly budget.
  • Pay current bills on time to show that you have overcome past issues.

Let Stanley Automotive Finance Enterprise put you behind the wheel of a quality vehicle. We’ll help you get the financing you need regardless of your situation. Stop by or give us a call today!

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