Every where i look on the net people are tell me obtaining a bad credit car loan is easier than you think. There are lenders out there who are willing to give people second chances. I have tried with several companies to ascertain whether i can qualify for a bad credit car loan and i get the same response "when you have cleaned up your credit file than come talk to us" this to me doesn’t seem to be easy to obtain a bad credit car loan. Where are these lenders that people are talking about.
I am not bankrupt or have been declared bankrupt, just have 2 defaults being paid under arrangement.
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The problem that you may be running into is that your debt is just too risky, and your employment at this time. You can get bad credit car loans, but it is still a loan company, and they need to be assured that you can pay back the loan to you. If no one paid back their loans to them, they would soon be out of business. They need to be assured that you have the income necessary to pay the car loan. Another thing to consider is how much the loan is that you are requesting. You may want to request a smaller loan for a used, less expensive vehicle.