Do I Have Bad Credit in Walnut Creek, CA?
When you apply for any type of loan, lenders in California look at your credit score to figure out the likelihood of you repaying it. Your credit score is calculated using many factors, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While each lender in Walnut Creek, CA has its own benchmarks for what it deems a poor credit score, you may be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Walnut Creek, 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. Keep in mind, financing a car in Walnut Creek, CA with bad credit won't necessarily be easy. To begin with, not every lender offers poor or no credit loans, so you may need to spend some extra time finding a lender inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've chosen a lender in California, you may notice your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. 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 Walnut Creek loan might look like before completing an application.
Worried about your potential interest rate and monthly payment? You may want to think about boosting your credit score before you start applying for auto loans in Walnut Creek, 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 Bad Credit Car Loans in Walnut Creek, CA
A bad credit score can increase your car loan rate, making it more critical than ever to compare costs and find the right loan in Walnut Creek, CA. myAutoloan wants to make sure you find the best loan — regardless of your credit history. All you have to do is select your offer type and complete 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 Walnut Creek dealership with cash in hand.
Ready to purchase a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Walnut Creek, CA bad credit auto loans!