If you have bad credit score (less than 600) most lenders will instantly decline a loan application. In today’s tight credit market and with growing economic concerns it seems to be getting harder and harder for people with bad credit to find auto financing. This comes at a time when many Americans are facing the realities of foreclosure and bruised credit.

There are still some lenders that realize that some individuals get a bad credit score because of reasons beyond their control. Because lending underwriting criteria changes frequently, it may be difficult for consumers to shop for a bad credit loan on their own. One lender or dealer with generous bad credit financing terms may stop lending to poor credit from one day to the next.

This is why many turn to the internet to find a bad credit car loan. Instead of going from car dealer to car dealer looking for that one special place that will work with your situation, one online application can easily and efficiently connect you with dealers who want YOUR business. Yes, there are fewer lenders available these days because of the recession, but they are still out there. It is possible to buy a car with poor credit.

What do lenders look for in a bad credit auto loan?

• You should have a permanent source of income – a job or business that generates a steady source of $

• You should be 18 years or older

• You should have a savings bank account or checking account