A no credit check car loan is a loan that doesn't require any kind of credit history and doesn't rely on a FICO score in order to be approved. In many parts of the country, this type of loan is called a "buy here, pay here" or "tote the note" loan. Since the lender doesn't check your credit, you are automatically approved for a car loan. Sounds great, doesn't it?
At this point you may be thinking "what's the catch?" Since we all know that there is no free lunch, there are a number of things to consider before you take out one of these loans:
In the end, a no credit check car loan accomplishes very little, especially if you are serious about reestablishing your credit. A more constructive course is to use one of the legitimate buy car bad credit web sites that will direct you to a dealer that specializes in helping customers reestablish their credit through a bad credit car loan with a lender that reports to all the credit bureaus. By visiting one of these web sites and filling out an online buy car bad credit loan request form in the comfort and privacy of your home, you can begin your quest for a higher credit score.