Do I Have Bad Credit in Pine Bluff, AR?
When you borrow money — like a car loan — Arkansas lenders look at your credit score to evaluate how likely you are to repay it. Many factors go 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 Pine Bluff, AR lender will have its own guidelines for what's considered a low credit score, you are often seen as having bad credit if you have a score below 600. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Pine Bluff, AR 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. Still, financing a car in Pine Bluff, AR with bad credit won't necessarily be easy. Most notably, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to put in some extra hours to find a lender willing to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in Arkansas, you may learn your low credit score affects your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. Higher interest rates will mean higher monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Pine Bluff loan could look like before you apply.
Worried about your potential interest rate and monthly payment? You should look into raising your credit score before you start applying for auto loans in Pine Bluff, Arkansas. Check out our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal on Poor Credit Car Loans in Pine Bluff, AR
A low credit score can increase your car loan rate, so it's more critical than ever to compare lenders in Pine Bluff, AR and find the right deal. myAutoloan wants to help you find the best loan — despite your credit history. All you have to do is select your offer type and complete our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. To finish, you can choose the best loan for you and visit any dealership in Pine Bluff with cash in hand.
Ready to purchase a new ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Pine Bluff, AR bad credit auto loans!