Car loan with a 541 credit score?

OK we are trying to get a car loan through ford on a 08 for about 18. my husband is the one with a long time job of 8 years but his credit score 541 i got that from freecreditreport it shows he owes about 500 dollars or so in unpaid. Mine is just as bad but with more unpaid debit. My ? is has anyone ever got approved for a loan with that low of scores and in todays world.

Public Comments

1. No. Your scores are too low. You need to be over 600 or you will be paying so much in interest you will regret it every month.
2. you definitely won't be able to finance through a dealer or major bank. you need to find a company that specializes in helping people in your situation.
3. In today's world, they are denying people with low scores. A friend of mine has a score of 570 and she is a nurse making $35 an hour, and she was denied a car loan for a $15,000 car. If you can find a loan, the interest will be so high that it would be like paying for 2 cars! You don't want to take the chance in today's world. Try to fix your credit, then apply or buy a really good used car outright. You could even find a private dealer where your job is your credit, but be careful of these places. They rob you too.
4. It should really save you some money to just get an auto loan estimate on the web to check out what todays rates are. You might be pleasantly happy. Also if your credit is not so great, a lot of online loaners are more able to help you. What I most often tell folks is that an online quote at http://autoloan.saverightnow.info is worthwhile.
5. If you are trying to get a Auto Car Loan and you know that your credit is not the best then you do not need to worry because getting a Car Loan even with bad credit is not that hard. Most lenders know that people nowadays have taken some hits on there credit and they have made it easier to obtain a Car Loan even if you credit is bad. http://www.worldbestloans.com/guaranteed-car-loan.htm When getting your auto loan be aware that you may be required to pay a higher interest rate because the lender will look at you as a higher risk with bad credit. It is important to understand that even though you have a higher interest that as you make your monthly payments on time this will help raise your credit score and then you can always refinance it at a later time.