What Counts as Bad Credit in Modesto, CA?
When you try to borrow money — like a car loan — lenders in California look at your credit score to evaluate the chances of you repaying it. Many factors influence 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 every Modesto, CA lender has its own benchmarks for what’s considered a poor credit score, you are often seen as having bad credit if your score is lower than 600. Lenders will also be wary if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Modesto, CA with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Keep in mind, financing a car in Modesto, 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 spend some extra time finding a lender who will work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in California, you may see that 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 total repayment. Use our Interest Rate Estimator and Payment Calculator to see an estimate for the monthly payment on your Modesto loan before you apply.
Worried about your potential interest rate and monthly payment? You might want to look into raising your credit score before you apply for Modesto, California car loans. Check out our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Poor Credit Car Loans in Modesto, CA
A bad credit score can raise your car loan rate, making it more crucial than ever to compare costs to find the right deal in Modesto, CA. myAutoloan wants to help you find the best loan — even without the best credit history. All you need 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 best loan for you and visit any dealership in Modesto with a loan in hand.
Need a new ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Modesto, CA!