Pat Goss' Tips & Expert Advice

Auto Financing Application

When you fill out an auto loan financing application through CARCHEX.com, your application will be reviewed by several lenders and you'll get the best interest rate possible according to your credit rating. Filling out the application is relatively easy, and as long as you have the necessary information handy the application won't take too long to fill out at all. You will want to have your contact information ready, in addition to your employment information for at least the last year. You will also be asked about your current housing situation, such as how much you pay in rent or a mortgage. If you declared bankruptcy in the last seven years you will want to make a note of it on the application, as well. The key to getting the quickest reply back from the lenders is to give the most accurate information possible on the application. If you inflate your income or list your employment incorrectly then you're not going to get valid offers from lenders because they don't have a true portrayal of your income or employment status. Rest assured that there are lenders who issue loans to applicants with bad credit, so there is no need to try to hide your financial status in the hopes of getting an approval.