How Do I Know If I Have Bad Credit in San Bernardino, CA?
When you borrow money — like a car loan — California lenders look at your credit score to figure out the likelihood of you repaying 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 each San Bernardino, CA lender has its own criteria for what it deems a poor credit score, you could be seen as having bad credit if you have a score below 600. Lenders will also be wary if you've experienced repossession, bankruptcy, or foreclosure.
Is it Possible to Get a Car Loan in San Bernardino, CA with Bad Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. However, financing a car in San Bernardino, CA with bad credit won't necessarily be easy. To begin with, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to put in extra effort to find a lender who will help with your financing. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've found a lender in California, you may discover your loan is impacted by your low credit score. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will lead to larger monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your San Bernardino loan could look like before completing an application.
Do your potential interest rate and monthly payment have you sweating? You might want to consider increasing your credit score before you start applying for auto loans in San Bernardino, California. 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 San Bernardino, CA Poor Credit Car Loans
A bad credit score can increase your car loan rate, making it more crucial than ever to compare costs and find the right loan in San Bernardino, CA. At myAutoloan, we want to help you find the best loan — regardless of your credit history. All you have to do is choose your offer type and fill out 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 loan that looks best to you and head down to your go-to dealership in San Bernardino with a loan in hand.
Ready to purchase your next ride? Your poor credit doesn’t have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in San Bernardino, CA!