One question we often get asked is if bad credit car loans are a good choice. These types of loans are great if you have bad credit or no credit, but it’s important to be careful of the scams out there. While there are a lot of reputable companies, there are also many businesses offering bad loans. Taking out a bad credit car loan can be safe when done through a reputable company, like Stop 23.

How to spot bad credit loan scams

Upfront fees –
This is a sure sign of a scam. You may be asked to pay money upfront in order to fill out a financing application or before you sign a contract. If this happens to you, it’s time to walk away.

“Guaranteed approval” –
No company knows for sure if you are approved for financing unless they know your credit score, income and personal information. Any business that advertises this is just trying to get you in the door with dishonest claims.

You’re pushed to “buy now” –
Scammers thrive when consumers make rash decisions. When individuals don’t stop to think they can end up making poor choices, which may benefit the scammer. If a business is pushing you to buy now, this can be a sign that you’re not dealing with an honest company.

At Stop 23 you can always expect an easy, no-hassle shopping process. Transparency is our No. 1 priority and we provide all our customers with detailed information so they know exactly what they are purchasing. We offer reasonable fees and APRs that are competitive and are in line with your credit score. Our loans also come with flexible terms so you can shorten or extend your loan length to match your needs.

If you have bad credit or no credit, turn to the experts at Stop 23. We are here to help and will work with you to find the best loan and vehicle for your needs. Stop by and see us today!

Read More: 7 questions to ask yourself before you buy a used car