Do I Have Bad Credit in Clinton, NC?
When you borrow money — like a car loan — North Carolina lenders look at your credit score to evaluate the probability that you'll 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 lender in Clinton, NC has its own benchmarks for what it deems a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be nervous if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Clinton, NC 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 simple answer is yes. Keep in mind, you'll likely face some challenges financing a car with bad credit in Clinton, NC. For starters, not every lender offers poor or no credit loans, so you may need to put in extra effort to find a lender inclined to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've chosen a lender in North Carolina, you may learn your low credit score changes your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will also mean higher monthly payments and overall repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Clinton loan could look like before you apply.
Worried about your potential interest rate and monthly payment? You might want to consider raising your credit score before you start applying for auto loans in Clinton, North Carolina. 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 Clinton, NC Poor Credit Car Loans
A low credit score can raise your car loan rate, making it more crucial than ever to compare lending options and find the right deal in Clinton, NC. myAutoloan wants to make sure you find the best loan — regardless of your credit history. All you have to do is choose your offer type and complete a confidential, secure application. We'll show you up to four loans in minutes so you can easily compare rates. To finish, you can select the right loan for you and head to your favorite Clinton dealership with a loan in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Clinton, NC through myAutoloan!