My husband was in desperate need of a truck during our chapter 13 bankruptcy but we held out until after discharge to avoid all the red tape with the bankruptcy court and two months after discharge we walked into a dealer looking for one. The dealer found carfinance for us. They financed a 30k truck at 13% for us which is lower than I expected since our scores were sitting at about 530 and our discharge was new. Our income and job history I assumed played a roll because collectively we are over 100K, 15 years at my job and 11 at his. In addition to being basically debt free from the completed chapter 13 other than a mortgage and a few medical bills. My only complaint with CarFinance in the past 10 months since we bought the vehicle is that I can't pay online without paying additional fees. I see the comments about them harrassing you when you are late but I haven't been late so I can't speak on that. I mail the payment within a few days from the statement arriving. So the bottom line here is if you have bad credit but good work history, enough income to afford the payments, and you pay on time you shouldn't have any issues getting approved nor with their service because you never need to deal with them. Just pay your payment. However, now our credit has increased alot because I am on top of credit repair so here in a few months we will be looking to refinance for a lower rate not because we don't like them. I didn't give them full stars because of the fees to pay because I don't like mailing checks! They need to get with the times and allow free online pay.
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I was recommended by Credit Karma to apply with Open Road Lending. This is the actual company that refinanced my car loan. I did get a significantly lower APR and payments went from $360 tp $311, but my contract term was longer. Now it will take longer to pay off. This company has no online visibility for your acount or an paperwork. You have to set your payments up through western union speed pay. It is not worth it. The representatives barely speak English and it is hard to get a representative online. I am constantly getting disconnected.