The phrase refers to automotive dealerships that publicize a excessive chance of offering financing to people, typically no matter their credit score historical past. These institutions usually cater to clients who might have issue securing a automobile mortgage by conventional lenders corresponding to banks or credit score unions. A automobile shopper would possibly use the search time period to find dealerships of their neighborhood that supply such financing choices.
These dealerships may be useful for people with poor or restricted credit score, offering entry to transportation which may in any other case be unattainable. They typically present a pathway to credit score rehabilitation by permitting clients to construct or rebuild their credit score historical past by constant and well timed mortgage repayments. The existence of one of these financing has developed alongside the growing complexity of credit score scoring and the rising want for transportation in lots of areas.