How Do I Know If I Have Bad Credit in Chandler, AZ?
When you apply for a car loan, mortgage, or another type of loan, Arizona lenders use your credit score to determine the likelihood of you repaying it. Many factors influence your credit score, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While every lender in Chandler, AZ will have its own guidelines for what’s considered a poor credit score, you may be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be nervous if you have a history of bankruptcy, foreclosure, or repossession.
Can I Get a Car Loan in Chandler, AZ If I Have Bad Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Still, it's going to be harder to finance a car with bad credit in Chandler, AZ. For starters, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in some extra hours to find a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've chosen a lender in Arizona, you may learn your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will also mean higher monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Chandler loan might look like before completing an application.
Concerned about your possible interest rate and monthly payment? You might want to contemplate increasing your credit score before applying for Chandler, Arizona auto loans. Check out our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal in Chandler, AZ for Bad Credit Car Loans
A low credit score can raise your car loan rate, making it more crucial than ever to compare costs and find the right loan in Chandler, AZ. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is select your offer type and complete our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. After, you can select the loan that looks best to you and visit any dealership in Chandler with money in hand.
Why wait to get a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Chandler, AZ bad credit car loans!