What Counts as Bad Credit in Littleton, CO?
When you apply for a car loan, mortgage, or another type of loan, Colorado lenders look at your credit score to evaluate the likelihood of you repaying it. Many factors play into your credit score, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While each Littleton, CO lender has its own benchmarks for what it deems a poor credit score, you could be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be worried if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Littleton, CO with Low Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. However, you'll likely face some challenges financing a car with bad credit in Littleton, CO. Most notably, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in extra effort to find a lender willing to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in Colorado, you may learn your low credit score changes your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will lead to higher monthly payments and overall repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Littleton loan before even applying.
Do your potential interest rate and monthly payment have you worried? You might want to look into improving your credit score before you start applying for auto loans in Littleton, Colorado. View 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 Littleton, CO Poor Credit Car Loans
A bad credit score can raise your car loan rate, making it more crucial than ever to compare costs and find the right loan in Littleton, CO. myAutoloan is here to help you find the best loan — even without the best credit history. All you have to do is select your offer type and complete a confidential, secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. Then, you can select the right loan for you and head to your favorite Littleton dealership with a loan in hand.
Need a new ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Littleton, CO!