What Is Considered Bad Credit in La Habra, CA?
When you try to borrow money — like a car loan — California lenders use your credit score to figure out the chances of you repaying it. Many factors play into your credit score, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While each lender in La Habra, CA has its own guidelines for what’s considered a poor credit score, you may be seen as having bad credit if your score is less than 600. Lenders will also be worried if you’ve experienced bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in La Habra, CA with Bad Credit?
You're not the first car buyer to wonder, “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 La Habra, CA will come with some challenges. To begin with, not every lender is willing to give a loan to someone with poor or no credit, so you may need to spend some extra time finding a lender who will help with your financing. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've chosen a lender in California, you may notice your loan is impacted by your low credit score. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean higher monthly payments and overall repayment. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your La Habra loan might be before filling out an application.
Worried about your potential interest rate and monthly payment? You should look into improving your credit score before you apply for La Habra, California car loans. 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 on Bad Credit Car Loans in La Habra, CA
A bad credit score can increase the rate on your car loan, making it more crucial than ever to compare lending options and find the right deal in La Habra, CA. At myAutoloan, we want to help you find the best loan — no matter your credit history. Simply choose your offer type and complete a confidential, secure application. You'll see up to four loans at once so you can compare rates in minutes. After, you can select the best loan for you and head to your local La Habra dealership with cash in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply through myAutoloan now and review up to four La Habra, CA bad credit car loans!