How Do I Know If I Have Bad Credit in Irvine, CA?
When you apply for any type of loan, California lenders look at your credit score to evaluate how likely you are to repay it. Many factors go into your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every Irvine, CA lender has its own criteria for what's considered a bad credit score, you are often seen as having bad credit if you have a score below 600. Lenders will also be worried if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Irvine, 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. Keep in mind, financing a car with bad credit in Irvine, CA will come with some challenges. For starters, not every lender offers poor or no credit loans, 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 notice your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will lead to higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Irvine loan might be before completing an application.
Worried about your potential interest rate and monthly payment? You might want to consider improving your credit score before you apply for Irvine, California car loans. Take a look at our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal on Poor Credit Car Loans in Irvine, CA
A poor credit score can increase the rate on your car loan, making it more important than ever to compare lending options and find the right deal in Irvine, CA. At myAutoloan, we want to help you find the best loan — no matter your credit history. Simply choose your offer type and fill out our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. Finally, you can select the best loan for you and head to your local Irvine dealership with money in hand.
Why wait to get a new ride? Poor credit shouldn't stop you. Apply now and compare up to four bad credit auto loans in Irvine, CA through myAutoloan!