Do I Have Bad Credit in Mesa, AZ?
When you apply for any type of loan, Arizona lenders use your credit score to decide the probability that you'll repay it. Many factors play into your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While each lender in Mesa, AZ will have its own guidelines for what it considers a poor credit score, you are often seen as having bad credit if your score is less than 600. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Mesa, AZ with Low Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. But, financing a car in Mesa, AZ with bad credit won't necessarily be easy. Most notably, not every lender offers poor or no credit loans, so you may need to put in some extra hours to find a lender who will help with your financing. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in Arizona, you may learn your low credit score impacts your loan. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will lead to higher monthly payments and overall loan costs. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Mesa loan might be before completing an application.
Do your potential interest rate and monthly payment have you worried? You may want to contemplate increasing your credit score before you start applying for auto loans in Mesa, Arizona. Take a look at our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Bad Credit Car Loans in Mesa, AZ
A poor credit score can increase the rate on your car loan, so it's more critical than ever to compare lenders in Mesa, AZ and find the right deal. At myAutoloan, we want to help you find the best loan — even without the best credit history. All you have to do is select your offer type and complete or confidential and secure application. We'll show you up to four loans in minutes so you can easily compare rates. Then, you can select the best loan for you and visit any dealership in Mesa with a check in hand.
Ready to purchase a new ride? Bad credit doesn't have to get in the way. Apply now and compare up to four bad credit auto loans in Mesa, AZ through myAutoloan!