Good credit borrowers are more likely to get approved for financing
without a cosigner. But, that doesn’t mean having poor credit requires
that you do. If you have bad credit, or simply have no credit
established, there are options available for you to receive credit
approval without a cosigner. For example, dealers on the Credit
Acceptance program can offer their credit-challenged customers auto
financing without a cosigner.
While traditional finance companies might suggest that bad credit or
no credit borrowers get a cosigner (someone who takes responsibility
for any debt a borrower cannot pay), subprime finance companies such
as Credit Acceptance permit our nationwide network of enrolled dealers
to allow you the option of receiving fast and easy credit approval
without a cosigner.
Many finance companies may tell you that you need a cosigner in one
or more of the following scenarios:
Have a poor credit history (bad credit or no credit).
Meet the minimum income requirements but your debt-to-income
ratio is too high.
Changed jobs recently or have a variable income.
However, Credit Acceptance, a finance company specializing in
subprime lending, has a network of dealers nationwide who can offer
subprime lending to car buyers with bad credit or no credit
established, providing opportunities to finance a vehicle without a cosigner.
Getting approved for auto financing without a cosigner alleviates the
burden of having another individual assist you with your debt, which
can sometimes lead to strained relationships. By getting financed
through companies like Credit Acceptance, you can have complete
independence as well as an opportunity to improve your credit score by
making on-time payments.
All you have to do is fill out this short form on our website and a
nearby dealer enrolled on the Credit Acceptance program will help you
get started on your credit approval.