America’s Car-Mart provides car financing options to buyers who have been denied by traditional lenders. The company does report to two of the three major credit bureaus. The benefit of this is that you can improve your credit by making on-time payments. We’ll explain America’s Car-Mart’s policy in detail below.
Does Car-Mart Report to the Credit Bureaus?
America’s Car-Mart does report loan payments to two of the three major credit bureaus — Experian and TransUnion, a company representative said. The good news is, on-time payments will improve your credit score. The bad news is, late payments may cause your credit score to drop.
America’s Car-Mart is a “Buy Here, Pay Here” car dealership. That means you can purchase a car, get it financed, and make payments all through the same company. The dealership is known for helping car buyers who may not qualify for a traditional auto loan due to problems with their credit history.
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. As an alternative, CarMax has an A+ rating from the BBB and has financing options available for those with less-than-perfect credit. To learn more, see our article: CarMax Bad Credit Approval Policy.
America’s Car-Mart reports loan payments to two of the three big credit reporting agencies, Experian and Transunion. Keep in mind, America’s Car-Mar has a history of complaints reported to the Better Business Bureau.