Does Car-Mart Report to the Credit Bureaus? Answered

Short Answer: America’s Car-Mart provides car financing options to buyers who have been denied by traditional lenders. The company reports account details to Experian and TransUnion. The benefit of this is that you can improve your credit by making payments on time. Below, we explain America’s Car-Mart’s credit reporting policy in detail.

Does Car-Mart Report to the Credit Bureaus?

America’s Car-Mart reports loan payment information to two of the major credit bureaus — Experian and TransUnion — according to a company representative. Because of this, on-time payments will improve your credit score. However, late payments will cause your credit score to drop. America’s Car-Mart, a “buy here, pay here” car dealership, is known for helping car buyers who may not qualify for a traditional auto loan due to problems with their credit history.

Note that when you apply for Car-Mart financing, the company will initially do a “soft” credit inquiry that will not impact your credit score. Once you are pre-approved and select your vehicle, Car-Mart will likely do a “hard” credit check through TransUnion. This may have a temporary negative effect on your credit score.

Customer Reviews

It’s worth noting that America’s Car-Mart has a pattern of complaints reported to the Better Business Bureau (BBB). It also has an “F” rating on the BBB website. Many customer complaints cite an inability to “buy here, pay here” as promised, as well as poor customer service and communication.

As an alternative, CarMax has an A+ rating from the BBB and has financing options available for those with less-than-perfect credit. For more information, see our article about CarMax’s credit approval policy.