What Counts as Bad Credit in Glendale, AZ?
When you apply for a car loan, mortgage, or another type of loan, Arizona lenders use your credit score to determine how likely you are to repay it. Many factors play into your credit score, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While every lender in Glendale, AZ has its own criteria for what’s considered a poor credit score, you are often seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Glendale, AZ with Low Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” The short answer is yes. However, financing a car with bad credit in Glendale, AZ will come with some challenges. For starters, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to spend some extra time finding a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you find a lender in Arizona, you may see that your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will also mean larger monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see an estimate for the monthly payment on your Glendale loan before you apply.
Concerned about your possible interest rate and monthly payment? You may want to look into boosting your credit score before you start applying for auto loans in Glendale, Arizona. View our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal in Glendale, AZ for Bad Credit Car Loans
A low credit score can increase the rate on your car loan, making it more critical than ever to compare costs and find the right loan in Glendale, AZ. myAutoloan wants to help you find the best loan — no matter your credit history. All you need to do is select your offer type and complete or confidential and secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. Finally, you can select the loan that looks best to you and head down to your go-to dealership in Glendale with a check in hand.
Ready to purchase a new ride? Bad credit doesn't have to stop you. Apply today through myAutoloan and compare up to four Glendale, AZ bad credit auto loans!