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Well here is your discouraging task let’s see how long it takes for you to give up on it. Your task is to get online search for a website that is going to get you approved for a car. Oh yeah by the way you have bad credit, not the type where you may have paid a few late payments and you got a doctors bill on your credit. I mean you have got really bad credit, you have never paid anybody and you have got a repossession on a car a little over a year and half ago. You also need to get approved for a that new or used vehicle that your dieing to get with just a small down payment. You are as broke as the next when it comes to money down.

So where do you start? Do you Google bad credit car loan, bad credit car financing, auto loans for people with bad credit. Or do you start looking for link on MSN or something. No the first thing you do is you get a little it of education then you start hunting for that loan of your dreams one that gets you into a new or used vehicle the same day if you need to.

So how do you tell what kind of site you are submitting your application to once you get to a site and how do insure your best chance for approval.

There are several types of sites out there that involve them selves in the auto loan process:

• Consumer Direct Lenders
• Consumer Reference
• Consumer Referral

Consumer Direct Lender sites are basically websites that are set up directly by the bank that will be servicing you auto loan. This means that when you complete there application they will be the bank that either give you an approval or a decline.

Consumer Reference site are sites like bankrate.com or eloan.com that reference all or the best interest rates that are out there. They give you the option to apply to a bunch of banks that they have set up on their website for reference.

Consumer Referral websites are website that are specifically help you get in touch with a agency that can assesses your situation take a look at you credit and then have that agency set up with new or used vehicle that can get you approved with in your budget and the bank guidelines.

Based on the previous scenario your credit is horrible and your still not sure which type of website to submit your application to for approval.

Well if you submit your application to directly to the lender on a Consumer Direct Lender website then you have got one bank looking at your loan rather then several. You have no real clue as to exactly what type of credit this lender approves. Most Consumer Direct Lender are online to cherry pick the credit that is out there they normally take the top tier credit to middle of the road credit. With a Consumer Direct Lender you have low chance or approval.

With a Consumer Reference website your chance of an approval are also pretty low. The main reason is that your chances for approval are low with Consumer Reference websites is because the almost always only work with Consumer Direct Lender websites.

Your best chance for an approval with horrible credit is always going to be with a Consumer Referral website. The main reason your chances are so good with this type of website is because they have agreement set up with companies that deal with bad credit on a daily bases. These companies that they work have trained professionals that deal with bad credit daily and have access to several sources of lenders that can finance bad credit consumers.

Paul Armstrong is finance professional with 10 plus years of experience in auto industry. During his time in the auto industry Paul has focused on helping customers with bad credit obtain auto loans when no one else was able to. Focusing on the sub prime auto market has been a 10 year pursuit to educate himself in the intricacies of how to get customers approved with recent bankruptcies, prior auto repossessions and overall horrible credit.

One of the best Consumer Referral websites out there is http://www.shotcredit.com

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