Second Chance Auto Loans Now Easier to Acquire with 600 Credit Score or Less

Sept. 13, 2010 - PRLog -- Recent studies by credit-monitoring services show that as many as 1 in 4 Americans now suffer from a credit score of below 600. A credit score of this tier is deemed subprime, and bad credit like this will make life quite tough financially. Many American car shoppers have been turned down by their banks or credit unions for car loans due to their credit score. This has been especially true since the economic depression struck in the fall of 2008. After all, creditors have become more tight with their money, while job layoffs and depleted equity has only decreased the credit score of the average American.

Despite such setbacks, the vast majority of the US populace commutes daily to work, school, or the store via their own personal car - not public transportation. Many workers have even had to lengthen their daily commute to reach jobs whose location is not as ideal; after all, given this economy, many Americans have had to take whatever job they can get, especially if they have been recently laid off.

Many consumers don't know where to turn after facing rejection at a conventional car lender. That is where Second Chance Auto Loans (http://www.secondchanceautoloans.com/) has stepped in to fill the void. Traditionally, a credit applicant would have to visit a multitude of lenders trying to get his or her credit approved. This could take days, if not months of constant searching, as well as lots of paperwork. Second Chance Auto Loans has streamlined this process in two significant ways. First, their website allows applicants to apply for auto loans online. Secondly, they work with a vast national network of lenders well-versed in the subprime credit market. Having such an inventory of available lending funds hugely increases an applicant's chances of finding an auto lender willing to take on his or her business, regardless of past credit history.

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Second Chance Auto Loans (http://www.secondchanceautoloans.com) allows people who have been previously rejected for credit to apply for auto loans despite bad credit, no credit, or bankruptcy. We work with a vast nationwide network of lenders.