Do I Have Bad Credit in Saint Augustine, FL?
When you apply for a car loan, mortgage, or another type of loan, lenders in Florida look at your credit score to figure out the probability that you'll 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 Saint Augustine, FL will have its own guidelines for what's considered a low credit score, you might be seen as having bad credit if your score falls below 600. Lenders will also be more cautious if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Saint Augustine, FL with Low Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Keep in mind, you'll likely face some challenges financing a car with bad credit in Saint Augustine, FL. For starters, not every lender offers poor or no credit loans, so you may need to put in extra effort to find a lender inclined to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
When you find a lender in Florida, you may learn your low credit score affects 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 overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Saint Augustine loan could look like before completing an application.
Concerned about your possible interest rate and monthly payment? You should consider improving your credit score before you start applying for auto loans in Saint Augustine, Florida. Check out our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Poor Credit Car Loans in Saint Augustine, FL
A bad credit score can increase the rate on your car loan, making it more important than ever to compare costs to find the right deal in Saint Augustine, FL. myAutoloan wants to help you find the best loan — despite your credit history. All you need to do is select your offer type and complete our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. Then, you can select the loan that looks best to you and visit any dealership in Saint Augustine with a loan in hand.
Why wait to get a new ride? Your poor credit doesn’t have to stop you. Apply today through myAutoloan and compare up to four Saint Augustine, FL bad credit auto loans!