Get your questions answered.
Q: WILL I AUTOMATICALLY BE DISQUALIFIED FOR WEAK OR NO CREDIT?
A: Absolutely not! We take your credit score into account, but that’s not all we look at. We get to know you to determine whether or not you will qualify for a loan.
Q: HOW DOES CHARACTER-BASED LENDING WORK?
A: We realize that a credit score only tells part of a person’s story. Unexpected life events, health issues and other problems can take a hit on finances and negatively affect credit scores. That’s why we examine other factors to determine whether or not you are a fit for our program. We take character references and talk with you about your personal and financial journeys. We want to know who you are and what you’re working hard to become.
Q: : DOES ON THE ROAD LENDING GIVE AWAY CARS?
A: : No, that’s not how we work. We believe that reliable transportation is crucial to living a better life, so our loan fund provides affordable loans at 9.75%. Like any other loan, this requires a payment each month. Our goal is to help you lead a happier, healthier life through car ownership.
Q: WHO CAN GET A CAR?
A: On the Road Lending is currently serving clients, age 21 or older, in the following states: Alabama, Georgia, Mississippi and Texas. We will only finance car loans to those who have sufficient monthly income to support a car payment, gas and insurance. We also love working with people who are motivated to make better financial decisions and are eager to get on the road to a better life. Does this sound like you? Get started here.
Q: HOW DOES ON THE ROAD LENDING HELP ME GET A CAR?
A: Our staff is knowledgeable about car selection and has relationships with car dealers supportive of our program. We work with our clients to determine the best car for their needs, considering family size, budget and job. We negotiate with dealers to get tour clients into vehicles that are reliable, fuel-efficient and under warranty.
Q: HOW DOES ON THE ROAD LENDING KEEP MY INTEREST RATE LOW?
A: Our sister loan fund is a social impact investment fund. People in the community have invested money to make a positive social impact and are willing to take a lower return on their money for the greater good.
Q: Are there fees associated with the program?
A: Yes, there is a one-time $50 application fee
Q: HOW DOES THE PROGRAM WORK?
A: Once you apply, you will work with a coach to discuss finances, career, housing and more. After taking a financial education course, working with your coach to determine readiness, and saving enough for a down payment, we’ll work to identify the right vehicle, secure the loan and schedule the delivery.
Q: HOW LONG DOES IT TAKE TO GET A CAR?
A: This process can go quickly or slowly depending on your motivation and willingness to work with our coaches. Our goal is to make sure the process is smooth and efficient.
Q: WHAT KIND OF VEHICLES ARE OFFERED?
A: The most important thing is to find the right vehicle for your needs based on family size, lifestyle and budget. This means we don’t box ourselves in by only offering loans for certain makes or models. You should not take part in the program expecting to get a loan for a vehicle that is beyond your means.
Q: WHAT HAPPENS AFTER I GET A CAR?
A: We stand by our clients for the entirety of their loans. We are here to support and encourage you every step of the way so that you make your payments on time and improve your credit.