Do I Have Bad Credit in Tucson, AZ?
When you try to borrow money — like a car loan — lenders in Arizona use your credit score to figure out how likely you are to repay it. Many factors go into 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 each lender in Tucson, AZ will have its own guidelines for what's considered a bad credit score, you are often seen as having bad credit if you have a score below 600. Lenders will also be more cautious if you have a history of bankruptcy, foreclosure, or repossession.
Is it Possible to Get a Car Loan in Tucson, AZ with Bad Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer is yes. Keep in mind, financing a car in Tucson, AZ with bad credit won't necessarily be easy. To begin with, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to put in some extra hours to find a lender who will work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in Arizona, you may discover 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 also mean larger monthly payments and overall loan costs. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Tucson loan might be before you apply.
Worried about your potential interest rate and monthly payment? You may want to consider increasing your credit score before applying for Tucson, Arizona auto loans. Check out 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 Tucson, AZ
A bad credit score can raise the rate on your car loan, making it more crucial than ever to compare costs to find the right deal in Tucson, AZ. myAutoloan wants to make sure you find the best loan — even without the best credit history. Simply choose your offer type and complete a confidential, secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. Then, you can choose the best loan for you and head to your local Tucson dealership with a loan in hand.
Why wait to get a new ride? Bad credit doesn't have to stop you. Apply now and compare up to four bad credit auto loans in Tucson, AZ through myAutoloan!