What Counts as Bad Credit in Greenville, NC?
When you apply for a car loan, mortgage, or another type of loan, lenders in North Carolina look at your credit score to decide the likelihood of you repaying it. Many factors go into 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 lender in Greenville, NC has its own guidelines for what's considered a bad credit score, you are often seen as having bad credit if your score is lower than 600. Lenders will also be more cautious if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Greenville, NC 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 short answer is yes. However, financing a car in Greenville, NC with bad credit won't necessarily be easy. Most notably, not every lender offers poor or no credit loans, so it may take some extra time to find a lender inclined to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you've chosen a lender in North Carolina, you may see that your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will also mean larger 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 Greenville loan might look like before even applying.
Do your potential interest rate and monthly payment have you worried? You should think about raising your credit score before applying for auto loans in Greenville, North Carolina. View our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal in Greenville, NC for Bad Credit Car Loans
A poor credit score can increase your car loan rate, making it more crucial than ever to compare costs and find the right loan in Greenville, NC. myAutoloan is here to help you find the best loan — despite your credit history. Simply choose your offer type and complete or confidential and secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. After, you can choose the best loan for you and head down to your go-to dealership in Greenville 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 Greenville, NC through myAutoloan!