Bellmore, NY (PressExposure) January 10, 2012 -- Guaranteed Auto Credit Approval, one of the leading names in online auto credit financing sector has experienced a growth in the loan quotes requested by the customers who have bad credit scores. In the last quarter, the firm has seen to approve auto loans to a whopping number of applicants who have bad credit record.
The exclusivity of the auto loan industry is diminishing at a fast pace. Gone are the days when consumers with bad credit used to feel apprehensive about applying for car loans because the lenders were very closefisted with credit and inflexible with their qualification criterion. The lenders today move away from this model as they see the consumers with bad credit problems in the past becoming capable enough of staying current on their loans.
In New York, United States the average credit score is 680 and as the operations head of Guaranteed Auto Credit Approval reports, the auto loan purchasers with bad credit histories rose to 20% compared to the last year stats. Consumers are having no problem in receiving auto loans even if they have bad credit history hence adding to the revenue of the auto industry at the same time.
The spokesperson of Guaranteed Auto Credit Approval opined, "We specialize in financing people with all types of credit. We believe that the credit history should not hinder one's dream of owning a brand new car and thus encourage credit challenged customers to apply for auto loans." He further added "Lenders nowadays, seldom stay strict with the terms and conditions and qualification criterion, and at Guaranteed Auto Credit Approval, we are keen to work with the credit-challenged customers who seek to find a loan option for them which will help them to the best. The quotes we offer are always and endeavor to bring you the best deal for you.
About the Company: Guaranteed Auto Credit Approval is a leader in auto loans and vehicle financing. This company offers financing options to consumers online regardless of their credit history. Lowest down payment scheme, best referral programs, guaranteed financing, longest warranty and commendable customer service mark the USP of this auto loan superstore.