Everyone feels the need for a car at every point. A public transport can't always be trusted in terms of frequency and regularity. For convenience and for the purpose of luxury, you always feel the need of a car. Car also implies status; to maintain the status you have in society you need a car. But again cars are not all that affordable. A person with low income would need some external help say a loan to buy a car. Again credit plays an important factor while getting a loan. But with the level of competition increasing in the loan market, lenders have started offering loans to people with poor credit.

Poor credit auto loans give you help to buy a car, used or brand new. Here the credit is not an obstruction at all. Poor credit auto loans are secured loans where you need to pledge collateral to get the loan. The interest rate is also high to reduce the risk factor involved in giving a loan to a person with poor credit. You have two modes of loan for the poor credit auto loans; one is the short term loan while the other is the long term loan. You have a repayment period of about 5-10 years for the short term loans while you get a period as long as 20 years for the long term loans.

You need to be a citizen of UK to be eligible for this loan. You should be more then 18 years, with a regular income and should have a bank account. You are eligible for this loan if you fulfill all the criteria mentioned. Like all auto loans, poor credit auto loans can also be applied for online. You need to fill out an application form with the correct details and submit it to process your loan. Go through the process of thorough research before you apply for this loan.