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  Frequently Asked Questions  
 

Does applying with multiple lenders have a negative effect on my credit score?

No, currently applying with multiple lenders does not have any effect on your credit score.

How are the interest rates determined for car loans?

Car loans are dependent on many things including credit score, income, presence of collateral etc.

Do I have to choose the car before I apply for car loans?

If you do not wish to select a car before you apply, it is entirely up to you. Just fill in the required amount you need as car loans and apply.

How do I apply for car loans?

It is very easy. Just fill in the online application form available onsite with your personal and financial details and submit.

I have bankruptcy in my credit history. Can I qualify?

Yes, people with bankruptcy in their credit history have managed to qualify for car loans.

I have bad credit history. Can I get good interest rates?

It is a constant endeavour of Drivers America to get lowest possible interest rate for any situation including bad credit.

What vehicle can I purchase with my loan?

Drivers America provides car loans for both used and new cars. There is no rule as to what vehicle you can buy. You have the freedom to choose the car of your choice.

The information that I have provided online, is that secured?

Yes, the information that you have provided online is completely secured and confidential.

How will I know that my car loan is approved?

You will be notified either by e mail or by phone in case your loan is approved at Drivers America.
 
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