What Counts as Bad Credit in Lewiston, ID?
When you apply for a car loan, mortgage, or another type of loan, lenders in Idaho use your credit score to decide the probability that you'll repay it. Many factors influence your credit score, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While each lender in Lewiston, ID has its own guidelines for what's considered a low credit score, you could be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Lewiston, ID with Bad Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Still, you'll likely face some challenges financing a car with bad credit in Lewiston, ID. For starters, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to put in some extra hours to find a lender inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
When you find a lender in Idaho, you may discover your low credit score affects your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. Higher interest rates will mean higher monthly payments and total repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Lewiston loan could look like before completing an application.
Worried about your potential interest rate and monthly payment? You might want to contemplate raising your credit score before you start applying for auto loans in Lewiston, Idaho. Check out 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 Bad Credit Car Loans in Lewiston, ID
A bad credit score can raise your car loan rate, so it's more critical than ever to compare lenders in Lewiston, ID and find the right deal. myAutoloan wants to help you find the best loan — no matter your credit history. Simply choose 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. After, you can select the right loan for you and head to your favorite Lewiston dealership with money in hand.
Ready to purchase your next ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Lewiston, ID bad credit car loans!