What Is Considered Bad Credit in Stockton, CA?
When you borrow money — like a car loan — California lenders look at your credit score to evaluate how likely you are to 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 every lender in Stockton, CA has its own guidelines for what it deems a poor credit score, you are often seen as having bad credit if your score is less than 600. Lenders will also be nervous if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Stockton, 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?” The short answer is yes. Still, it's going to be harder to finance a car with bad credit in Stockton, CA. To begin with, not all lenders are willing to give a loan to someone with no or poor 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 see that your loan is impacted by your low credit score. A poor credit score might limit your borrowing and lead to higher interest rates. High interest rates also mean higher monthly payments and more spent over the life of the loan. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Stockton loan might look like before filling out an application.
Worried about your potential interest rate and monthly payment? You might want to consider boosting your credit score before applying for auto loans in Stockton, California. Study our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Stockton, CA Poor Credit Car Loans
A poor credit score can raise the rate on your car loan, so it's more critical than ever to compare lending options and find the right deal in Stockton, CA. At myAutoloan, we want to help you find the best loan — even without the best credit history. All you have to do is choose your offer type and complete our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the right loan for you and head down to your go-to dealership in Stockton 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 Stockton, CA!