Car Loans for Bad Credit

Our Credit Rebuilder Auto Loan Program was designed to help members get behind the wheel of a car they need while improving their credit, but not everyone with bad credit will qualify. If you’re unsure whether you’ll be approved, try these steps first:

• Improve your credit score first, and you can learn about the best way to do so by taking advantage of our free My Credit Health feature within Digital Banking.
• Bring aboard a well-qualified co-signer.
• Consider increasing your down payment amount to reduce the amount needing to be financed.

There aren’t many shortcuts to improving a credit score, but there are a few things you can do to get back on track–especially if your credit score is middling rather than poor:

• Instead of making minimum payments, pay down your credit balance every month.
• Apply to have your credit limit increased (but don’t start spending more just because).
• Contact credit reporting agencies to check for errors on your report, or ask to have negative entries removed.
• As noted above, take advantage of our free My Credit Health feature within Digital Banking to learn tips on how to best positively affect your credit.

“Bad credit” means something different to everyone, depending on which credit union you bank with. At Greater Nevada, we offer financial products and tools designed to help car buyers bring their credit scores up on a case-by-case basis. If your original loan is burdensome, or if you’re looking for more financial flexibility, you may look to refinance your car loan with us.