Bad Credit Lender | Bad Credit Auto Loan Review

Review - Bad Credit Auto Loan

:: Bad Credit Lender columnist : Leslie Collins - 5/2008

These lenders specialize in auto loans for borrowers with bad credit . If your credit score is below 600 you need to inquire with these lenders.

** Why we use Alexa and BBB ratings - rating criteria

My Auto Loan - www.MyAutoLoan.com

Website: www.MyAutoLoan.com
Loan Type : New AutoLoan, Used Auto Loan, Refinance
Bad Credit: OK
BBB :Satisfactory
Alexa Rank : 308,401
Online Since : 4/2001
Recommendation : Very High
Review: Specializes in bad credit auto loans for 7 years require 18 years of age, 24K annual income, valid social security number. This site is gaining popularity due to the demand for subprime auto loans. Can approve car loans with 550 FICO score.
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Abbacus - www.abacusmortgageloans.com

Website:www.abacusmortgageloans.com
Loan Type : Auto, Personal
Bad Credit: OK
BBB : Satisfactory
Alexa Rank : 746,996
Online Since : 3/2000
Recommendation : High
Review: www.abacusmortgageloans.com - Good company if you have no track record and can prove minimal income - in this credit business since 1998. Abacusmortgageloans.com has a list of genuine loan companies that specialize in lending auto loans and mortgage loans to people who have bad credit history .

Rating Criteria

It is important that websites involved in transfering your personal and critical information be secure and trustworthy.

Alexa ranking - reports how much traffic any and all websites receive once they are indexed. The number is not definitive yet it does reflect on how popular a website is - the lower the number the better.

For example "yahoo.com" has an Alexa ranking of "1" meaning the website receives the most traffic (unique visitors) of any site on the internet.

BBB rating - this is the rating by the "Better Business Bureau" which is the premiere consumer watchdog group. Any bad credit lender should at least hold a "Satisfactory" rating - meaning complaints are adequately addressed and the number of complaints is reasonable for this type of industry.

More info: Bad credit lender

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