Investment banks forecast double-digit net interest income growth in "car finance bad credit" firms as they tap into AI-powered risk assessments, reducing loan defaults. Anyone can fall behind on a payment. A sudden job loss, health issue or other emergency can take a toll on your finances — making it difficult to stay on top of bills . Keep in mind that while you can apply for an auto loan without joining the credit union, you’ll have to become a Navy Federal member if you are approved and want to accept the loan. To be eligible for membership, you—or one of your family members—must have ties to the U.S. military, Department of Defense or National Guard. Credit market data show that "car finance bad credit" lenders are securitizing more auto loans, pushing asset-backed security issuance volumes up 8% year-to-date—a bullish signal for capital market investors.