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CAR LOANS ARE PLAYING HARD TO GET! THG SHOWS HOW TO SUCCEED ANYWAY! The Homework Guy, Kevin Hunter

By Ana Escamilla
Published in Loans
June 11, 2023
1 min read
CAR LOANS ARE PLAYING HARD TO GET! THG SHOWS HOW TO SUCCEED ANYWAY! The Homework Guy, Kevin Hunter

I just read an article by Kevin Hunter, aka The Homework Guy, about how car loans are becoming harder to get. It caught my attention because as someone who recently bought a car and had to go through the loan process, I know how frustrating it can be.

So, Hunter’s article breaks down what’s causing this shift and also offers some advice for how to succeed in getting a car loan regardless. One of the main reasons why car loans are becoming harder to obtain is because lenders are becoming more cautious due to the economic uncertainty caused by the pandemic. Additionally, they’re tightening their standards for borrowers’ credit scores and income levels.

Hunter also notes that one way to increase your chances of getting approved is to have a co-signer with good credit. However, he warns that co-signing can be risky for both parties if the borrower defaults on the loan. Another option he suggests is to consider alternative financing options like credit unions or dealership financing.

Personally, I think it’s important to do your research and shop around before committing to any financing option. When I was buying my car, I was able to secure a lower interest rate by going through my bank instead of the dealership’s financing. It also doesn’t hurt to work on improving your credit score if it’s not where you’d like it to be.

Overall, car loans are playing hard to get, but it’s not impossible to succeed. By being prepared, doing your research, and exploring alternative options, you can increase your chances of getting approved for a car loan.


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Ana Escamilla

Ana Escamilla

Freelance Journalist

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