You likely already know that credit is important. You may also know that credit plays a significant role in getting approved for loans and ultimately determines the interest rate you receive. This especially true when buying a new car, as most people receive financing through a lender in the form of auto loans.
Your credit score will certainly influence your car buying experience. Of course, it’s best to purchase a car with good credit, but for many people, that isn’t always possible. Situations can happen where you need to purchase a car as soon as possible, regardless of your credit. No matter what situation you’re in, 360 Credit Counseling is on your side. In this blog, we explore how a credit score can affect your chances of getting a car loan.