How Do I Know If I Have Bad Credit in San Diego, CA?
When you apply for any type of loan, California lenders look at your credit score to determine how likely you are to repay it. Many factors go 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 each San Diego, CA lender has its own benchmarks for what’s considered a poor credit score, you might be seen as having bad credit if your score falls below 600. Lenders will also be wary if you've gone through bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in San Diego, CA with Bad Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Keep in mind, you'll likely face some challenges financing a car with bad credit in San Diego, CA. To begin with, not every lender feels comfortable giving loans to people with poor or no credit, so it may take some extra time to find a lender who will work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
When you find a lender in California, you may discover your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean larger monthly payments and overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your San Diego loan might be before even applying.
Worried about your potential interest rate and monthly payment? You may want to consider increasing your credit score before applying for San Diego, California auto loans. Take a look at our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal on Poor Credit Car Loans in San Diego, CA
A low credit score can raise the rate on your car loan, making it more important than ever to compare costs to find the right deal in San Diego, CA. myAutoloan wants to help you find the best loan — regardless of your credit history. Simply choose your offer type and fill out our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. To finish, you can select the best loan for you and head to your favorite San Diego dealership with a check in hand.
Need a new ride? Bad credit doesn't have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in San Diego, CA!