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  4. I need a car loan, but my credit score is low.

I need a car loan, but my credit score is low.

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  • S Offline
    S Offline
    Samuel
    wrote on last edited by
    #1

    My low credit score led to the rejection of my car loan application, which I need for my business. Are there any lenders who specifically provide auto loans to individuals with poor credit, and what are the key considerations when applying?

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  • K Offline
    K Offline
    Kaile
    wrote on last edited by Kaile
    #2

    Carvana (an online car store) and Capital One (a financial services business) will both give you a car loan even if your credit score is low.

    But be ready for bigger down payments and higher loan rates. You can get better terms on a loan if you compare deals and get pre-approved.

    It is better to work on your credit score because that will let you get better loan deals in the future.

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