How Do I Get A Tampa Bad Credit Auto Loan?

TAMPA, Fla. - April 16, 2013 - PRLog -- In an effort to provide buyers with bad credit solid information about getting approved for a Tampa bad credit auto loan, Rebuild America Auto Program launched an action alert to buyers with damaged credit on Monday.  The notice went out to all Tampa car buyers with bad credit, as well as all Rebuild America Auto Program dealerships nationwide.

Rebuild America Auto Program (RAAP) explained that bad credit alone will not prevent car buyers from being approved for a bad credit auto loan.  The specialists at RAAP indicated that the key to approval is to make sure that a buyer has no additional strikes that will prevent them from being approved for bad credit auto loans.

Four factors that RAAP specialists say are a must to ensure approval for a bad credit auto loan include:

·         Buyers with damaged credit must be prepared to have some cash saved for a down payment on a bad credit auto loan.  RAAP specialists explained that it is best to put down a minimum of 15% if possible, as it will show a lender that a buyer is serious about improving their credit with a bad credit auto loan.  This means that a buyer will need to save their money before applying for any bad credit auto loans.

·         Buyers need to have a permanent address to get approved for a bad credit auto loan.  Showing a steady permanent address, preferably for which the borrower pays each month on time, allows a lender to view a borrower as an adult.

·         Buyers need a valid driver’s license in order to secure a bad credit auto loan.

·         Buyers must have a job, or some type of proof of income, in order to be approved for bad credit auto loans.

If a buyer has a job, a permanent address, a down payment and a driver’s license RAAP team members explain that chances are good that a bad credit auto loan will be approved.

The Washington DC based Rebuild America Auto Program specializes in Tampa bad credit auto loans for people who have gone through bankruptcy, foreclosure, long term lack of credit due to extended military service and even assistance for a first time buyer.  Rebuild America Auto Program works with banks nationwide, in an effort to help people typically declined by most banks find credible financing for the car they need.  Additional information about the Rebuild America Auto Program is available by visiting http://askraap.com, or calling 1-888-865-1602.