What Counts as Bad Credit in Fullerton, CA?
When you try to borrow money — like a car loan — lenders in California use your credit score to evaluate the likelihood of you repaying it. Many factors go into 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 every Fullerton, CA lender has its own benchmarks for what it deems a poor credit score, you might be seen as having bad credit if your score is less than 600. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Get a Car Loan in Fullerton, CA If I Have Bad Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Still, you'll likely face some challenges financing a car with bad credit in Fullerton, CA. Most notably, not all lenders are willing to give a loan to someone with no or poor credit, so it may take some extra time to find a lender willing to work with you. Thankfully, myAutoloan partners with lenders 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 higher monthly payments and overall loan costs. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Fullerton loan could look like before even applying.
Do your potential interest rate and monthly payment have you worried? You might want to look into boosting your credit score before applying for auto loans in Fullerton, California. Check out our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal on Fullerton, CA Poor Credit Car Loans
A low credit score can raise your car loan rate, making it more important than ever to compare costs and find the right loan in Fullerton, CA. myAutoloan wants to make sure you find the best loan — regardless of your credit history. All you have to do is select your offer type and complete a confidential, secure application. We'll show you up to four loans in minutes so you can easily compare rates. After, you can select the loan that looks best to you and visit any dealership in Fullerton with money in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Fullerton, CA through myAutoloan!