Do I Have Bad Credit in Ft Lauderdale, FL?
When you apply for any type of loan, lenders in Florida use your credit score to figure out the chances 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 every Ft Lauderdale, FL lender has its own criteria 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 Ft Lauderdale, FL 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?” Yes, you can. However, financing a car in Ft Lauderdale, FL with bad credit won't necessarily be easy. For starters, not every lender offers poor or no credit loans, so it may take some extra time to find a lender inclined to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in Florida, you may see that your low credit score impacts your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will lead to higher monthly payments and more spent over the life of the loan. Our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Ft Lauderdale loan before you apply.
Worried about your potential interest rate and monthly payment? You might want to look into boosting your credit score before you start applying for auto loans in Ft Lauderdale, Florida. 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 Ft Lauderdale, FL Poor Credit Car Loans
A low credit score can increase the rate on your car loan, making it more critical than ever to compare lenders in Ft Lauderdale, FL and find the right deal. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is choose 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. Finally, you can choose the best loan for you and head to your favorite Ft Lauderdale dealership with cash in hand.
Need a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Ft Lauderdale, FL bad credit car loans!