Know How Can You Get a Car Loan with Credit Score 500, 520, 530, 550, 580, 590. But it is a necessity that most people must have, including those people with bad or damaged credit. In order to get to work, go shopping, and to take your kids to school, you need your car. However, there are many people out there with credit scores that keep them from getting the financing that they need in order to buy the car that they need. You have what is known as horrible credit, and traditional financing options that are available to you are scarce or even non-existent, if your credit score is below 500. The good news is that while you need to work on rebuilding or repairing your credit file, there are lenders who will take a chance on you with damaged credit, even for those borrowers whose credit scores are below 500.

These lenders worry a lot less concerning your FICO report and look a lot more at what really matters to them – what you can do to reimburse them whenever they personal loan you the cash to purchase a car. (more…)