What Counts as Bad Credit in San Bruno, CA?
When you borrow money — like a car loan — California lenders look at your credit score to determine the chances of you repaying it. Your credit score is calculated using many factors, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While every lender in San Bruno, CA has its own criteria for what it considers a poor credit score, you might be seen as having bad credit if you have a score below 600. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in San Bruno, 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 San Bruno, CA. First off, not every lender offers poor or no credit loans, so you may need to put in extra effort to find a lender willing to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've chosen a lender in California, you may discover your low credit score impacts your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. High interest rates also mean higher monthly payments and overall loan costs. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your San Bruno loan might look like before you apply.
Do your potential interest rate and monthly payment have you worried? You may want to think about boosting your credit score before applying for San Bruno, California auto loans. View our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on San Bruno, CA Poor Credit Car Loans
A low credit score can increase your car loan rate, so it's more critical than ever to compare lenders in San Bruno, CA and find the right deal. myAutoloan wants to make sure you find the best loan — no matter your credit history. All you have to do is select your offer type and fill out our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. After, you can select the loan that looks best to you and head to your local San Bruno dealership with money in hand.
Need a new ride? Bad credit doesn't have to stop you. Apply now and compare up to four bad credit auto loans in San Bruno, CA through myAutoloan!