How Do I Know If I Have Bad Credit in Clovis, CA?
When you try to borrow money — like a car loan — lenders in California use your credit score to determine how likely you are to repay it. Many factors influence your credit score, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While every Clovis, CA lender will have its own guidelines for what it considers a poor credit score, you may be seen as having bad credit if you have a score below 600. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Clovis, CA with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. But, financing a car with bad credit in Clovis, CA will come with some challenges. For starters, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to put in some extra hours to find a lender who will help with your financing. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in California, you may see that your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. High interest rates also mean larger monthly payments and more spent over the life of the loan. Tools like our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Clovis loan before even applying.
Do your potential interest rate and monthly payment have you worried? You should contemplate improving your credit score before you apply for Clovis, California car loans. Take a look at our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal in Clovis, CA for Bad Credit Car Loans
A low credit score can raise your car loan rate, so it's more critical than ever to compare lending options and find the right deal in Clovis, CA. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is choose your offer type and complete our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. Then, you can select the loan that looks best to you and head to your local Clovis dealership with a loan in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply today through myAutoloan and compare up to four Clovis, CA bad credit auto loans!