Can you get a car loan if you have a student loan in default?

If your student loan is currently in default, you will not likely qualify for a car loan. When the car lender checks your credit, the lender will see that you are facing default on a previous debt. The terms of this default are not yet known. This could affect your ability to repay the car debt, and the new lender will be very wary of extending you a loan as a result. First, resolve your current default either by negotiating a plan with the lender or using a court to mediate the loan. Once you have handled this issue, you may apply for a car loan, but you will have compromised credit and may still face difficulties.


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