How Do I Know If I Have Bad Credit in Boise, ID?
When you try to borrow money — like a car loan — Idaho lenders look at your credit score to decide the probability that you'll repay 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 Boise, ID will have its own guidelines for what's considered a low credit score, you are often seen as having bad credit if your score is less than 600. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Boise, ID 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 short answer? Yes. Still, you'll likely face some challenges financing a car with bad credit in Boise, ID. 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 some extra hours to find a lender who will work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've found a lender in Idaho, 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 also mean higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Boise loan might be before you apply.
Do your potential interest rate and monthly payment have you sweating? You may want to think about improving your credit score before you start applying for auto loans in Boise, Idaho. 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 Poor Credit Car Loans in Boise, ID
A bad credit score can increase your car loan rate, so it's more critical than ever to compare costs and find the right loan in Boise, ID. myAutoloan wants to help you find the best loan — regardless of your credit history. All you have to do is select your offer type and complete or confidential and secure application. We'll show you up to four loans at once, allowing you to compare rates in minutes. Finally, you can choose the best loan for you and head down to your go-to dealership in Boise with a check in hand.
Need a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Boise, ID bad credit auto loans!