Can I get an auto loan through Capital One with a 590 credit score?

Sep 19th, 2010
by admin.

I currently have a credit card with Capital One that has been in good standing for almost a year. My Experian credit score is 590. I have no accounts in bad standing. I have a student loan I am paying on. Another credit card with a balance of $100 which will be paid off at the end of this month. I was just wondering if Capital One works with people with lower credit scores? I know it would be a really high interest rate if they did. Thanks

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4 Comments

  1. prowriter4u28 says:
    September 19, 2010 at 11:04 pm

    Capital One does do some sub-prime lending, which is usually targeted to people with lower credit ratings. It might be better to wait until you can boost your credit rating, however, because you will probably be looking at high monthly payments, exorbitant interest rates, etc. In some instances, your credit rating will also affect your auto insurance rate, and since you are financing, you will have to carry collision, which is something else to think about.

  2. bryce k says:
    September 19, 2010 at 11:24 pm

    Yes. They will charge around 17% interest though. And you will need to verify your income with past tax returns or pay stubs. I advise if you must get a car now get a loan with them. They will give you a check with a max limit you can spend. Then bring that check to the dealership and see if they can beat the rate cap. one give you. You could always refinance the loan at a later time with capital one, maybe after year of on time payments at a much lower rate.
    http://creditcardwarehouseonline.com
    you can find a cap one app at and also other subprime lenders at
    http://creditcardwarehouse.ecreditdirectory.com/

  3. Danica says:
    September 19, 2010 at 11:39 pm

    There are many auto loan options available today. Today, stiff competition among auto loan financing companies