What Counts as Bad Credit in Antioch, TN?
When you apply for any type of loan, Tennessee lenders look at your credit score to decide how likely you are to repay it. Your credit score is calculated using many factors, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While each Antioch, TN lender has its own criteria for what it considers a poor credit score, you might be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in Antioch, TN with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Keep in mind, you'll likely face some challenges financing a car with bad credit in Antioch, TN. First off, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to spend some extra time finding a lender inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Tennessee, you may discover your low credit score impacts your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. This high interest rate will lead to higher monthly payments and overall repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Antioch loan might look like before you apply.
Worried about your potential interest rate and monthly payment? You might want to think about boosting your credit score before applying for auto loans in Antioch, Tennessee. Study our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Bad Credit Car Loans in Antioch, TN
A poor credit score can increase the rate on your car loan, so it's more critical than ever to compare costs to find the right deal in Antioch, TN. myAutoloan wants to make sure you find the best loan — no matter your credit history. Simply choose your offer type and complete our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. To finish, you can choose the best loan for you and head to your local Antioch dealership with cash in hand.
Need a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Antioch, TN bad credit auto loans!