Auto Loan
The large lending institutions are very particular about a good credit score for a borrower if he applies for an auto loan. The auto loan would include any thing from a car, minibus, van or a truck. FICO score of above 760 will make any one eligible to get the auto loan immediately. If a person has a poor credit score then the chances for getting a loan are slim if he is particular about getting a loan from the large institutional lenders. However, small lending institutions that specialize in Bad Credit Auto Loan could come to your rescue, if your credit score is poor. They would give you a bad credit auto loan which means that they would not mind if your credit score is poor or if you have declared yourself as bankrupt. All you have to do is bring in some one to cosign your loan application. He or she should have excellent credit score and should guarantee the loan that you have applied for. The interest rates for such a bad credit auto loan are likely to be high as the lender runs the risk of lending to a person with a poor financial standing.