The unemployment rate may be holding steady at around 9 percent, but that has not stopped consumers from borrowing money to make purchases. Analysts found a $7.4 billion jump in consumer credit in September, a figure reached thanks in large part to a growing number of people are purchasing cars, Bloomberg reports.

Auto sales were particularly robust for American manufacturers. General Motors reported 1.7 percent higher sales in October compared to the same time last year and Ford saw a 6.2 percent jump. However, it was Chrysler that stood above the rest with a 27 percent increase.

"The evidence of September and October is that there is a strong foundation in the U.S.-based automobile industry," Ken Czubay, Ford’s U.S. sales chief, told the news source. "Consumers are just saying it's time to get a new vehicle. We’re seeing that more and more every day from our dealers."

The fact that more consumers are buying cars may be indicative of a change in attitude toward taking out a loan. Over the last several years, some people may have been hesitant due to the stagnant economy, but the recent behavior may be reason to be optimistic.

If you're considering being among those making an automobile purchase but are unsure if you can get a loan due to your credit history, New Jersey State Auto Auction is your best bet. Everyone who comes to the dealer is guaranteed credit approval regardless of whether or not they have bad credit history or none at all.

Additionally, buying a car can be a great way for people with poor credit history to improve upon it. By getting a loan and paying it on time, you can go a long way to building your credit back up. Furthermore, New Jersey Auto has plenty of reliable makes and models to choose from so you can be confident in your choice.