What Counts as Bad Credit in Scottsdale, AZ?
When you borrow money — like a car loan — Arizona lenders use your credit score to decide how likely you are to repay it. Many factors influence your credit score, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While every Scottsdale, AZ lender has its own guidelines for what it considers a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Scottsdale, AZ with Low Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. However, financing a car in Scottsdale, 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 put in some extra hours to find a lender inclined to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've found a lender in Arizona, you may notice your loan is impacted by your low credit score. A poor credit score might limit your borrowing and lead to higher interest rates. High interest rates also mean larger monthly payments and overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Scottsdale loan could look like before completing an application.
Concerned about your possible interest rate and monthly payment? You may want to contemplate improving your credit score before you start applying for auto loans in Scottsdale, Arizona. View 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 Bad Credit Car Loans in Scottsdale, AZ
A low credit score can increase your car loan rate, so it's more critical than ever to compare costs and find the right loan in Scottsdale, AZ. At myAutoloan, we want 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 once, allowing you to compare rates in minutes. To finish, you can select the loan that looks best to you and head down to your go-to dealership in Scottsdale with a check in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply through myAutoloan now and review up to four Scottsdale, AZ bad credit car loans!