Here are three ways that you can get approved for a bad credit car loan without having to put any money down.

1) If you have a local bank or credit union that you have your checking account with, you may be surprised to find that they will actually offer you a car loans so long as, you have a reasonable average balance and don’t ever have any overdrafts. You will have to have a stable place of residence that you have probably been added for at least two or three years, you will need to have been eager job for a considerable amount of time, and the price of the car needs to be within certain guidelines. These guidelines will relate to the loan amount. The loan amount versus the loan value. Getting a car loan with no money down using a local bank or credit union, means that you will have to find a deal on a car that is priced at or near loan value.

2) Buy here pay here car lots are not the cheapest place to buy a car, however financing is very easy. Some places do not even have a credit check and don’t really even have any requirements whatsoever, other than having a down payment. The only way to avoid a down payment when buying a car at a car lot that finances their own cars, is to have a trade-in that is either paid off or has considerable equity. This is not the best option for you if you want to save money and get a good deal on a car, however, I mentioned this information in this article because buy here pay here car lots are commonly considered as an option when you have credit problems and need a car.

3) Online loan companies that are legitimate, can offer you finance saying with no money down and guidelines and lending standards are quite a bit different from those that you will find when using a local bank. These types of lenders work only with people that have bad credit, and are in business just to help people out there that have bad credit and can’t get financed at a car dealership. This is by far the easiest way to get a fast approval, get lower monthly car payments, and a better interest rates. One of the great things about using a service like this, is that you can pick and choose what model and make of car that you want, without being limited to what just one car dealership has to offer.it is much easier to get a no money down car loan when you are able to shop around and find a good feel on a car. When you can do this you can find good deals and local classified newspapers, bargain hunters, and even on on line auction sites.

Enter your ZIP code and household monthly income at http://www.MyCreditTree.Net/ and see if there is a lender that will approve you for a no money down car loan. You can also apply at http://www.FundMyVehicle.Net/ and get approved in 45 seconds.

The fact that you have taken the trouble to visit the creditor in order to try to come to some arrangement will also count in your favour, both with the creditor, and later with the court if the matter ends up going for arbitration. You will also be producing an opportunity to present your arguments in far greater detail than would otherwise be possible, and of showing whatever documentary support for your arguments that you may have, and will be able to respond to objections as they arise and hopefully to deal with these in turn.

Of course, you will need to concentrate on projecting the right impression, and should spend some time before the visit in preparing the arguments you intend to use. As ever, the most promising line to take is that although you cannot settle the debt right away, and no amount of pressure is going to make you do so, you firmly intend to repay the debt if you are given sufficient time.

Your line of argument is likely to be far more acceptable if you are in a position to offer some slight increase in any payments you may be making, or if you can begin making some small payment if you have not previously made any. If the debt is of some age, and you judge that the creditor would like nothing more than to get the matter over with, this may be a suitable opportunity to offer to settle the debt for less than the amount outstanding (see Reduced Offer of Settlement later in this guide).

Whatever the outcome of such a visit, you have little to lose other than your transport costs. The fact that a creditor even agrees to such a meeting shows that there is some room for manoeuvre, and even if the meeting seems less than productive at the time, is likely that the creditor will be slower to take any drastic action against you than he might previously have been.

This article is an excerpt from The Complete Guide to Debt. Visit My Debt Free Life.co.uk for more information on getting out of debt as well as Debt Consolidation Loans and ways to get your creditors to legally write off your debt!