Bad Credit Car Loan Dallas TX | Near Mesquite, Garland, Rockwall

Rusty Wallis Honda has helped many Dallas customers secure a bad credit car loan. It is a simple definition for a bad credit auto loan. It applies to people who have a low credit score, high risk credit, low credit, or a first-time buyer with no credit history. This type of car loan is referred to as sub-prime financing. These loans could be initially funded by a car dealer, like Rusty Wallis Honda, or by one of several institutions that specialize in providing sub-prime auto finance to customers whose credit score is typically below 620, or a customer with no established installment credit, usually referred to as a "Ghost".

Auto financing for this situation is not usually determined by your credit score, but by your ability to demonstrate several factors, known as "STIPS", such as a fixed income of at least $1,800 per month, a Texas resident, American citizen or legal resident, ability to provide proof of insurance, proof of residence (usually by providing a utility bill for your electric service, natural gas service or water service). This proof of residence must be a bill for the service, that is in your, or your spouse?s name, comes to your residence and cannot be changed without moving. A valid phone number that you can be reached at is required.

Then six (6) references are required for most all institutions. These references must include the person's full name, address, city, state, zip code, phone number and their relationship to you. If a customer can provide all of this documentation, and it checks out as valid, they are eligible for bad credit auto financing, with lender approval, at Rusty Wallis Honda.

Gone are the days when bad credit was a stigma and obtaining approval for a bad credit auto loans was almost impossible. As compared to the situation even five years ago, it is much easier now to obtain financing approval for a bad credit car loan. Having gotten approved for this loan, if you make on time payments for twelve consecutive months on your new car loan, you will be able to rebuild your credit. In fact many of our customers find they can refinance their loan with us to lower the interest rate after making on time payments for twelve consecutive months.

Almost every North Texas resident needs some sort of financial help at some point in life. Whether it's obtaining approved finance options to buy a home or an automobile. But if a person has bad credit, or has a discharged bankruptcy, that person may need to look at more specific options or face having their loan application rejected. All leading banks and credit unions may reject this type of application for loans. But there is a separate league of lenders who specialize in offering loans to people with bad credit. You can apply for bad credit car loan with them. Your application is more likely to be approved.

The Rusty Wallis Honda Auto Finance Center works with a league of lenders who specialize in helping Dallas area residents who have filed bankruptcy in the recent past. It is possible to obtain auto financing with a discharged bankruptcy. We work with good people who have a discharged bankruptcy on their credit to get them into a new Honda auto, or the pre-owned vehicle of their choice, with approved credit. Obtaining auto financing is a great way to begin to re-establish your credit. Use our Honda Finance Application to get pre-approved in minutes.

Rusty Wallis proudly offers auto financing options, with approved credit, to residents of Dallas, Garland, Mesquite, Richardson, Plano, Rockwall, Rowlett, White Rock Lake, Allen, McKinney, Sachse, Heath, Sunnyvale, Forney, Terrell, Balch Springs, Seagoville, Kaufman, Lancaster, Hutchins, Wilmer, Wiley, Carrollton, Farmers Branch, Irving, Grapevine, Fort Worth, North Richland Hills, Keller, Saginaw, Blue Mound, Hurst, Euless, Bedford, Haltom City, Watauga, Coppell, Southlake, Las Colinas, and Colleyville, Texas.

Rusty Wallis serves all of the greater Dallas area including Uptown, Highland Park University Park, Oak Cliff, Cedar Crest, Lower Greenville, West Dallas, Oak Lawn, White Rock Lake, North Dallas and Fair Park.