5 Requirements to Qualify for Quick Car Loans

Quick car loans can be a great opportunity for a young person or a person rebuilding credit to obtain a vehicle and be able to make regular payments in order to establish a positive credit rating.

What you Need to Qualify for a Quick Car Loan

  1. In order to qualify for a quick car loan, you will need to be employed and be able to provide proof of your employment by bringing your most recent paycheck stubs.

  2. You must be of legal age (18 or 21, depending on the state law and lender policy) or have a co-signer who is and be a U.S. citizen.

  3. Many quick car loan lenders will still offer you a loan if you have had a previous bankruptcy, but be prepared to explain the situation. They are less forgiving of previous repossessions.

  4. Most lenders require that you have been at the same job for a minimum of one year, although some will still consider your loan regardless of length of time on the job (the interest rates may be higher, however).

  5. You will be required to provide proof of identity, such as a driver's license or passport, as well as your social security number.


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