Less-than-perfect credit shouldn’t stop you from Living Greater. Get behind the wheel of a car you need while building your score up with a Credit Rebuilder Auto Loan from Greater Nevada Credit Union.
Car Loans for Bad Credit
Credit Rebuilder Auto Loan Program
How Can a Credit Union Car Loan Help Rebuild Credit?
Most people agree: making regular loan payments on something, whether it’s a home loan, personal loan, or auto loan, is the best way to improve your credit. There’s just one problem: if you have a bad credit score, getting approved for those loans in the first place is challenging. When members ask us how to overcome this hurdle for a better financial future, we point them toward our Credit Rebuilder Auto Loan Program.
This option (which is one of several car loans available) offers a manageable payment plan and flexible terms to borrowers who need a new ride as they get their finances back on track.
Ready to rebuild? See our car loan rates or contact your local branch for more details about our bad credit car financing program.
Credit Rebuilder Auto Loan Program Qualifications
Qualifying for our Credit Rebuilder Auto Loan is meant to be simple and straightforward–after all, it’s designed to help applicants with not-great credit get on the path toward a brighter financial future.
Have a Clean Record
This means no open or unpaid collection accounts, judgements, or public records. Any bankruptcies must be dismissed for at least 2 or more years and any foreclosures and short-sales must be 2 or more years old.
Know the Minimums and Maximums
The maximum amount you can borrow is $20,000 with a maximum term length of up to 60 months. The minimum cash down payment is 10% (rebates and trade-equity may not be used to satisfy the down payment requirement).
Practice Better Financial Wellness
Applicants must have at least 12 months of continuous employment with no breaks, and your monthly gross income (amount before taxes) must be at least $1,800. Finally, we ask that you complete at least one financial course (provided by us at no cost!) and sign up for automated payments from a Greater Nevada checking or savings account. For more information about our car loans and general requirements, read on through the link below.
How to Apply for a Credit Rebuilder Auto Loan
Start the application process today and get working on rebuilding your credit as soon as possible. If you’re not sure how to get a car loan from a credit union, you’re not alone–that’s why we’ve compiled this handy step-by-step checklist to help get you on your way. Just keep in mind that no two loans will have the same rates; it’s all based on your credit history, how much you’re looking to borrow and for how long.
1. Learn How Much You Can Afford
The maximum amount you can borrow for a Credit Rebuilder Auto Loan is $20,000, but you don’t have to borrow that much. Check your finances carefully to be sure you’re borrowing the right amount to fit your budget.
2. Do Your Research
Shopping for a car means comparing all sorts of details, from make and model to mileage and more. Use our free online AutoSMART tool to conveniently explore your options and take the stress out of car shopping.
3. Gather Documents
You’ll need a few important documents for your application. Before you apply, it’s a good idea to gather things like personal identification, your credit history, and for this particular loan, proof of continuous employment with no breaks for at least 12 months, to name a few.
Apply for a Car Loan
Apply online or give our lending team a call at (855) LIV-GR8R. After we receive everything initially needed for your application, a local loan consultant will perform a credit check and review your documents.
Apply for a Greater Nevada Credit Union Auto Loan
Get back on the road to your financial goals today. Apply for a Credit Rebuilder loan online or contact your local branch to learn more about our other auto loans.
Additional Car Loan Resources
There’s more to love about loans at Greater Nevada. Get the details, find answers, or just read up about the other types of car loans available to our members below.
Traditional Auto Loan
Buying a car is simple and straightforward with this standard car loan, offering competitive rates and flexible terms.
Payment Saver Auto Loan
Drive it like you own it, pay it like you lease it. Enjoy the freedom of lower monthly payments up to 40% less than conventional loans with this flexible and convenient loan option.
First-Time Car Buyer Loan
New to car financing? Start building your credit history with an auto loan designed to help you get started on the right foot.
Car Loan Refinance
Looking to take advantage of a lower annual percentage rate (APR) and possibly lower your monthly payments by refinancing your existing auto loan? We’re here to help you out.