What Counts as Bad Credit in Porterville, CA?
When you try to borrow money — like a car loan — California lenders look at your credit score to determine the probability that you'll repay it. Your credit score is calculated using many factors, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While each Porterville, CA lender will have its own guidelines for what it considers a poor credit score, you could be seen as having bad credit if your score is lower than 600. Lenders will also be more cautious if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Porterville, CA with Low Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Still, you'll likely face some challenges financing a car with bad credit in Porterville, CA. For starters, not every lender offers poor or no credit loans, so it may take some extra time to find a lender who will work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you've chosen a lender in California, you may learn 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 also mean higher monthly payments and more spent over the life of the loan. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Porterville loan might be before completing an application.
Do your potential interest rate and monthly payment have you sweating? You might want to contemplate increasing your credit score before you apply for Porterville, California car loans. Study 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 Porterville, CA for Bad Credit Car Loans
A poor credit score can raise your car loan rate, so it's more critical than ever to compare costs to find the right deal in Porterville, CA. myAutoloan is here to help you find the best loan — no matter your credit history. Simply 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 right loan for you and visit any dealership in Porterville with cash in hand.
Why wait to get a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Porterville, CA through myAutoloan!