What Counts as Bad Credit in Roseville, CA?
When you try to borrow money — like a car loan — lenders in California use your credit score to figure out the probability that you'll repay it. Many factors play 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 Roseville, CA lender has its own benchmarks for what's considered a bad credit score, you might be seen as having bad credit if you have a score below 600. Lenders will also be wary if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Roseville, CA with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. But, it's going to be harder to finance a car with bad credit in Roseville, CA. For starters, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in some extra hours to find a lender who will help with your financing. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've found a lender in California, you may discover your low credit score changes your loan. A poor credit score can limit your borrowing and result in higher interest rates. High interest rates also mean higher monthly payments and total repayment. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Roseville loan might look like before filling out an application.
Concerned about your possible interest rate and monthly payment? You might want to consider improving your credit score before applying for Roseville, California auto loans. Check out 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 Roseville, CA
A bad credit score can increase the rate on your car loan, making it more crucial than ever to compare costs to find the right deal in Roseville, CA. At myAutoloan, we want to help you find the best loan — regardless of your credit history. All you need to do is select your offer type and complete or confidential and secure application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the loan that looks best to you and head to your local Roseville dealership with money in hand.
Ready to purchase your next ride? Poor credit shouldn't stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Roseville, CA!