Faq

Who We Are

Blossom is a revolutionary auto finance resource that assists consumers in obtaining online auto loans for most types of credit. Our process tested through real-world experience, allows individuals to arrange and secure auto financing prior to the dealership visit, saving you both time and money. Headquartered in Greenwich, Ct, we are advocates for consumers interested in lowing their current monthly auto loan payments!

What finance products do we offer?

Currently, Blossom Credit offers you the ability offer match you with a lender that will allow you to refinance your existing loan and in most cases, help you lower your monthly payment and/or interest rate.

How can I contact Blossom?

Please email us at 500 Putnam Ave, Suite 400, Greenwich, Ct 06830

What are your loan terms?

Loan terms are based on the vehicle. For vehicles with mileage of 75,000 miles or less, we offer financing for up to 72 months.

Are there limits on the dollar amount of your auto loans?

Yes, actual loan amounts will be limited based on the value of the specific vehicle that you are purchasing. The amount of this limitation may bary and will specified in your loan terms and conditions as the loan-to-value (LTV) limitation. For example, if you are approved for $25,000 but the value of the vehicle you are buying is $20,000 and your LTV limit is 110% then your loan amount will be limited to $20,000×110% = $22,000.

If I am self-employed, will my application be approved?

Your employment is a factor taken into account when you apply for a loan, but it is not the only factor. If you meet other requirements, there is a good chance you could receive a loan from us.

Is leasing available?

At this time, leasing is not available. We are hopeful in adding a leasing product to our services soon. Check back frequently for any news regarding leasing.

Is refinancing available?

Yes, refinancing is available! Apply here to refinance your existing loan for competitive interest rates and/or a lower monthly payment.

Does Blossom offer loans products for people with bad credit?

Yes! We offer auto loans for a range of credit—poor, fair, average, good, and excellent. Our goal is to help you succeed with your auto loan by offering a monthly payment, a competitive interest rate, and term that will make it easier for you to pay your loan on time, therefore increasing your credit score.

The Process Before Applying…

What type of documentation may I be asked to provide to Blossom?

Documentation requirements vary, but you may be asked to provide some or all of the following information: i. Copy of valid state-issued identification (e.g. driver’s license) ii. Proof of your monthly income iii. Proof of residence iv. Personal references

Is there a fee to submit my application?

No, there are no fees required to submit an application.

The Process After Applying…

What should I expect after applying?

You should expect an email confirming that your application has been received. Once the application has been approved or declined, there will be another email sent to notify you of your application status.

How long will it take to know if I got approved or declined?

We pride ourselves on quick application status delivery. Response time is based on creditworthiness, with most decisions returned in minutes.

Why did I not get a better rate?

There are several factors affecting the rate you may receive, including your personal credit quality based on your history of repaying various debt obligations, depth of your credit history, and the monthly amount of income that you make.

Why was my application for a loan declined?

There are several reasons why an application may be declined. Blossom’s lenders are not able to give out that information to you over the phone, however, a letter will be sent to you providing information regarding your declined application.