Auto loans on bad credit

by Bankrate.com for CNNfn
Lenders relax their standards for those with flawed payment histories

Worried that your less-than-perfect credit is going to keep you from buying the car you want?

Don’t be.
Chances are you will be able to land an auto loan. Today, banks, credit unions and finance companies are all making
loans to people with flawed credit. Many people who wouldn’t qualify for an auto loan five years ago can get one now.

“They’ve loosened credit standards to the point that anyone can get a car,” said Art Spinella, vice president of CNW Marketing Research in Bandon, Ore. “It’s banks. It’s finance companies. It’s everybody.”

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