For consumers with bad credit, the internet has made getting a car loan for bad credit easier than ever before. No longer do you have to go about getting financed through a dealership. Going online can save you time and you will find in many cases, you will get better financing options than through the traditional means.

Let’s face it. When you have bad credit and you step foot into a dealership and apply for a car loan for bad credit, it is not a pleasant experience. You walk in, they have fill out a short application, they pull your credit and then they come to you and say, “Based on your credit, you qualify to buy this car.” Why should you have the dealer tell YOU what to buy when you should be telling THE DEALER what you want to buy?

The process to apply for a car loan is the same online no matter how good or how bad your credit is. The differences come in the form of interest rates and stipulations required in order for your loan to be finalized. For anyone looking for a car loan, if you follow a few easy steps, you could be on your way to driving the car or truck of your dreams. As a consumer with bad credit, be prepared for these things that a lender is sure to ask of you:

Be Honest: No matter how bad your credit is you should never falsify information on a credit application. That only hurts you. Lenders are looking for borrowers with integrity and if they find you have falsified information on your application that is an automatic turn down in most cases. You want the lender to have faith in your ability to repay the loan and falsifying information on your application is one way to show you cannot be trusted.

Verification of Income: With bad credit, most lenders will require you to prove your monthly income. Your most recent computerized paycheck stub will do most of the time but there are times where the lender will want to call and verify this information as well.

Proof of Where you Live: Lenders will want to see proof that you live where you say you live on your application. This can be verified by simply providing a copy of your most recent utility bill showing your address. Provided that matches the address on your application, this will be all you need in most cases.

It really is easy to get a car loan for bad credit. Using an online lender instead of the dealer will save you time and money. Plus, you can apply for an online loan anytime and anywhere as long as you have internet access. The online application process is quite simple and takes just a few minutes to complete. In many cases, you will get an answer back within 24 hours. Remember these simple rules and you will be on your way to the car or truck of your dreams in no time!