How to Help Consumers with Bad Credit Obtain Credit Approval
The Lot Blog Title
The Lot Blog
For many car buyers with bad credit or no credit, getting approved for auto financing can be a challenge. Fortunately, there are banks, credit unions and finance companies like Credit Acceptance that offer subprime auto financing so dealers like you can help credit-challenged car buyers obtain credit approval.
Dealers on the Credit Acceptance auto finance program can say ‘Yes’ to every customer, including those with:
- Fixed income
- Unemployment income
- Multiple open autos on bureau
- Multiple repossessions
- Non-related co-signers
- Bad credit
- No credit (first-time buyer)
- No minimum job or residence time
- Temporary employment
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy (with court/trustee approval)
See Credit Acceptance Funding Guidelines for more details.
To become a dealer on the Credit Acceptance auto finance program and help every customer get credit approval, fill out this short form on our website!