Car Loans for Damaged Credit - Post Snippet: I like to use a medical analogy to break down damaged credit car loans. Think of your credit report as a medical chart and the car financing company as an insurance company. If you have to see the doctor for the same think over and over you have a chronic medical issue. If, conversely, you have to see the doctor only once you have an acute medical issue. When the insurance company perceives a chronic medical issue they will either charge you higher rates or refuse to cover your chronic medial issue altogether. http://www.financingcarloans.com/finance-companies/damaged-credit-car-loans