Bad Credit Auto Loans Locator Matches Car Buyers with Lenders
Baton Rouge, Louisiana, Oct 05, 2013 (PRWeb.com via COMTEX) --
Obtaining automobile loans with less than perfect credit can be a struggle for consumers seeking to purchase a new or used vehicle. The Car Parts Locator company has now added its bad credit auto loans locator for consumers to use online at http://carpartslocator.com/auto-loans. This new tool is now used for matching automobile buyers with lenders able to provide instant loans to lower than average credit buyers.
Many lenders have placed new restrictions on the minimum credit score that is accepted when a borrower requests an automobile loan. Some companies now require a score above 680 due in part to the reduced risk, according to the Car Parts Local matching system.
The new system offers an immediate way that any consumer seeking a loan for a new or used vehicle can research pricing from multiple companies easily online.
"The secure system that we now offer allows the input of a zip code to provide the foundation for all loan amounts to help borrowers find a local or national lender able to accept a low credit score auto loan application," a source from the CarPartsLocator.com company said.
A person without a high credit score usually pays higher interest rates when approval is completed by lenders. The historic low rates of interest that are now offered by some companies are usually structured for a person with above average credit. The matching system on the CarPartsLocator.com website now offers auto buyers a way to compete with lenders to achieve the lowest rates possible.
"A basic amount of consumer data is required to use the car loan matching system to help lenders evaluate a borrower without placing all of the emphasis in decision making on the credit score," the source added.
The creation and programming of the auto loan matching tool online is one of several new advancements that are helping consumers find ways online to buy vehicles or find auto insurance policies. The Cart Parts Locator website now serves thousands of visitors daily seeking its used auto parts database of secondary providers.
The company databases that are programmed for consumer use now includes the insurance matching system online. This system was announced earlier this month and can be used by visiting http://carpartslocator.com/insurance online. This system supplies consumers with information based on their zip code entry to match vehicle usage in specific areas.
The CarPartsLocator.com company currently provides one of the easiest to use databases online to find used, new and aftermarket automotive parts and accessories that are sold on the Internet. This company updates all the content that consumers access online to provide an accurate way to research replacement parts. The CarPartsLocator.com company now offers consumers accessing its website with ways to find automobile loans, car insurance and warranty plans that are provided through relationships with companies in the auto and financial industries. Access to the company databases are provided without charge and are available daily for consumers in any part of the U.S. to use.
Read the full story at http://www.prweb.com/releases/bad-credit-auto-loans/loans-with-bad-credit/prweb11199107.htm
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