What Counts as Bad Credit in Pineville, NC?
When you apply for a car loan, mortgage, or another type of loan, North Carolina lenders use your credit score to evaluate how likely you are to repay it. Many factors play 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 each lender in Pineville, NC has its own guidelines for what's considered a bad credit score, you could be seen as having bad credit if you have a score below 600. Lenders will also be worried if you’ve experienced bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in Pineville, NC with Bad 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. Keep in mind, financing a car with bad credit in Pineville, NC will come with some challenges. First off, not all lenders are willing to give a loan to someone with no or poor credit, so it may take some extra time to find a lender willing to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you find a lender in North Carolina, you may notice your low credit score impacts 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 total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Pineville loan might look like before completing an application.
Do your potential interest rate and monthly payment have you worried? You should consider raising your credit score before applying for auto loans in Pineville, North Carolina. View our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Poor Credit Car Loans in Pineville, NC
A bad credit score can increase your car loan rate, making it more crucial than ever to compare lenders in Pineville, NC and find the right deal. 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 fill out our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. Finally, you can select the best loan for you and head to your favorite Pineville dealership with a check in hand.
Ready to purchase your next ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Pineville, NC bad credit auto loans!