Poor credit shouldn't stop you from getting your dream car! Apply with myAutoloan and compare up to four loans at once. Select the best option for you, and head to the Jacksonville, NC dealership of your choice to purchase your new ride.
What Counts as Bad Credit in Jacksonville, NC?
When you borrow money — like a car loan — North Carolina lenders look at your credit score to figure out the chances of you repaying it. Your credit score is calculated using many factors, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While each lender in Jacksonville, NC will have its own guidelines for what it deems a poor credit score, you could be seen as having bad credit if your score falls below 600. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in Jacksonville, NC If I Have Bad Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Keep in mind, it's going to be harder to finance a car with bad credit in Jacksonville, NC. First off, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to put in extra effort to find a lender who will help with your financing. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you find a lender in North Carolina, you may discover your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. High interest rates also mean higher monthly payments and overall repayment. Our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Jacksonville loan before completing an application.
Concerned about your possible interest rate and monthly payment? You might want to think about boosting your credit score before you apply for Jacksonville, North Carolina car 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 Jacksonville, NC Poor Credit Car Loans
A bad credit score can raise the rate on your car loan, making it more important than ever to compare lending options and find the right deal in Jacksonville, NC. myAutoloan is here to help you find the best loan — even without the best credit history. All you need to do is select your offer type and complete our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. After, you can select the loan that looks best to you and head to your local Jacksonville dealership with money in hand.
Ready to purchase your next ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Jacksonville, NC!