What Counts as Bad Credit in Duarte, CA?
When you borrow money — like a car loan — lenders in California use your credit score to figure out how likely you are to repay it. Many factors influence your credit score, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While each lender in Duarte, CA has its own criteria for what it considers a poor credit score, you could be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Duarte, CA with Low Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The short answer is yes. Still, financing a car in Duarte, CA with bad credit won't necessarily be easy. For starters, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in some extra hours to find a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you find a lender in California, you may learn your low credit score affects your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. This high interest rate will also mean higher monthly payments and more spent over the life of the loan. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Duarte loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you worried? You may want to look into increasing your credit score before you start applying for auto loans in Duarte, California. View our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal in Duarte, CA for Bad Credit Car Loans
A low credit score can increase your car loan rate, making it more crucial than ever to compare costs and find the right loan in Duarte, CA. myAutoloan wants to make sure you find the best loan — no matter 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 in minutes so you can easily compare rates. Then, you can select the loan that looks best to you and visit any dealership in Duarte with a check in hand.
Ready to purchase your next ride? Poor credit shouldn't stop you. Apply through myAutoloan now and review up to four Duarte, CA bad credit car loans!