Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
Taelvin

0 Contributions
0 People Helped
Can I get an auto loan with a 596 score with a $2500 down payment?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
395 Contributions
159 People Helped

YES

It seems that just about anybody can get a car loan.  But the smart question is , can I get a loan at a good interest rate, and the answer to that question would be a "NO" in your case.  Your low credit score mean you have to do business with a high risk lender, and they charge for taking that high risk, and many times they will not even report it to any credit agency. This means that you get no increase in credit score for it.

Top Contributor
8137 Contributions
4029 People Helped

Helpful to 0 out of 1 people

If you had read the articles on this site, you would have learned that you have a low credit score that will not allow getting anything financed. You can get a servicable car for $2500.  Take the time to read the information here and make the needed changes to raise your score.  I did and now enjoy the benefits that come with building a better score.,  

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.