Turned down for an auto loan? There are options

(ARA) - In the current challenging economic climate with declining property values and changes in available mortgage products, more and more homeowners are becoming delinquent or going into foreclosure. Many folks are losing their homes and their good credit, through no fault of their own. 

In addition, as a result of these challenges, many Americans also face the difficulty of getting approved for a car loan. Crawling out of the hole that a bad credit score creates can take years of persistence and patience. So, what can Americans in that predicament do until their score goes up? And what can they do to help get their scores up? 

There are many lenders out there who understand this dilemma and offer an excellent way to start the long process of credit recovery. An auto loan with a trend of on-time payments is a great way to reestablish credit. A great place to start the loan process is online at a site like Car.com, a popular consumer automotive information site committed to helping customers with special finance needs get approved for a loan and into the right vehicle.    

Car.com is a free service that works with a nationwide network of finance companies and dealers to help customers with all types of credit. The service connects consumers with a dealer or lender who operates in the consumer's area, who specializes in the full spectrum of credit, and who is dedicated to helping car-buyers get the vehicle they want at a price they can afford. The advantage a site like Car.com provides is that consumers who have been turned down by other dealers or banks have an opportunity to find the right lender for their particular situation online and in the comfort of their own home.

"Knowing we would have to work with a bank that handled 'second chance' cases, I thought that they would put us in a cheap car, but this was not the case! They showed us a VW Jetta that was right within our price range and looked and drove like new!" says Kellie M., Waycross, Ga. 

A site like Car.com also provides help for students or first-time car buyers, who struggle from the catch 22: How do you get a loan if you don't have credit, since you need credit to get a loan? Car.com believes that there is a lender for everyone.

Here is how the process works: Click on Car.com to help find your car loan, the online questionnaire only takes a few minutes to complete. Car.com then securely delivers your information to its network of third party lenders and dealers. Loan decisions normally occur within hours. While you're there, if you need to repair your credit report and score, you can start that process through Car.com's partners who are leaders in the credit repair field. Click on finance.car.com/crediteval and begin  the easy process of improving your credit . 

Also at Car.com you can search for a vehicle, see vehicle reviews, previews, videos, histories and discussions. Find a form, fill out the short application and learn about financing. You can compare vehicles and figure out your payment schedule with an online payment calculator.

To find out how to improve your credit rating and report, fill out the short questionnaire at Car.com/creditrepair, and start improving your credit today.