Comments Off on Can I Get A Car Loan with A 500 Credit Score?
When you have a 500 credit score, how do you find the best auto financing? And is it possible to get the right car when on a tight budget? Luckily, at Paul Sherry’s Car-N-Credit, you can get a car loan with a low credit score. As one of the leading car financing dealerships, we work with any credit score. So we are here to offer a great price and auto financing for your dream car.
We Don’t Pull Your Credit
Our company won’t pull your credit score when applying for auto financing. Instead, we aim to have you behind the wheel of the right vehicle. So when you apply for an auto loan with us, know that you are in good hands.
We have worked with local and national lending companies for decades. And today, we can use our connections to ensure our customers get the car they want.
Comments Off on What Credit Score Do Car Dealerships Use?
Car dealerships rely on credit scores to determine if customers are eligible to receive a car loan. But what credit score do they use? What is your likelihood of approval? And what happens if you have no/bad credit? Our team at Car-N-Credit is here to answer all those questions and more!
What Credit Score Do Car Dealerships Use?
When purchasing a car, most car dealerships run your credit score to determine if you are eligible for a loan. These scores come from a variety of different credit bureaus (TransUnion, Equifax, and Experian) that collect data from creditors. Based on the length of your loan, the remaining balance, the payment history, and the monthly payment, you are given a credit score. This credit score is a measure of how “risky” it is to offer you a loan. Most car dealerships use the FICO Score 8 scale to determine your eligibility for a loan.