What Counts as Bad Credit in Lithia Springs, GA?
When you try to borrow money — like a car loan — lenders in Georgia use your credit score to decide the chances of you repaying it. Many factors influence your credit score, 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 Lithia Springs, GA has its own criteria 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 worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Lithia Springs, GA 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, you'll likely face some challenges financing a car with bad credit in Lithia Springs, GA. Most notably, not every lender is willing to give a loan to someone with poor or no credit, so you may need to spend some extra time finding a lender willing to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Georgia, you may see that your low credit score affects your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. High interest rates also mean higher monthly payments and overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Lithia Springs loan before even applying.
Concerned about your possible interest rate and monthly payment? You may want to look into boosting your credit score before applying for auto loans in Lithia Springs, Georgia. 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 Lithia Springs, GA
A bad credit score can raise your car loan rate, so it's more critical than ever to compare costs and find the right loan in Lithia Springs, GA. At myAutoloan, we want to help you find the best loan — despite your credit history. Simply choose 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. After, you can select the best loan for you and head to your local Lithia Springs dealership with cash in hand.
Ready to purchase your next ride? Bad credit doesn't have to stop you. Apply today through myAutoloan and compare up to four Lithia Springs, GA bad credit auto loans!