Do I Have Bad Credit in Goodyear, AZ?
When you try to borrow money — like a car loan — Arizona lenders look at your credit score to decide the likelihood of you repaying it. Your credit score is calculated using many factors, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While every lender in Goodyear, AZ will have its own guidelines for what's considered a low credit score, you could be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Goodyear, AZ with Bad 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? Yes. However, financing a car in Goodyear, AZ with bad credit won't necessarily be easy. To begin with, not every lender offers poor or no credit loans, so you may need to spend some extra time finding a lender who will help with your financing. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
When you find a lender in Arizona, you may discover your loan is impacted by your low credit score. A poor credit score can result in limited borrowing and higher interest rates. Higher interest rates will mean larger monthly payments and more spent over the life of the loan. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Goodyear loan might look like before you apply.
Worried about your potential interest rate and monthly payment? You might want to consider improving your credit score before applying for auto loans in Goodyear, Arizona. 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 on Poor Credit Car Loans in Goodyear, AZ
A poor credit score can raise the rate on your car loan, making it more crucial than ever to compare costs and find the right loan in Goodyear, AZ. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is choose your offer type and fill out our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the right loan for you and head down to your go-to dealership in Goodyear with money in hand.
Why wait to get a new ride? Bad credit doesn't have to get in the way. Apply through myAutoloan now and review up to four Goodyear, AZ bad credit car loans!