What Counts as Bad Credit in Pocatello, ID?
When you try to borrow money — like a car loan — lenders in Idaho look at your credit score to figure out the chances of you repaying it. Many factors play into your credit score, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While every lender in Pocatello, ID has its own criteria for what it deems a poor credit score, you may be seen as having bad credit if your score falls below 600. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Pocatello, ID with Low Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. But, financing a car in Pocatello, ID with bad credit won't necessarily be easy. 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 inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Idaho, you may see that your low credit score changes your loan. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will also mean higher monthly payments and total repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Pocatello loan might be before you apply.
Worried about your potential interest rate and monthly payment? You might want to look into improving your credit score before you apply for Pocatello, Idaho car loans. Take a look at our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal in Pocatello, ID for Bad Credit Car Loans
A bad credit score can increase your car loan rate, making it more crucial than ever to compare lending options and find the right deal in Pocatello, ID. myAutoloan wants to make sure 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 once, allowing you to compare rates in minutes. After, you can select the loan that looks best to you and head to your favorite Pocatello dealership with money in hand.
Ready to purchase your next ride? Bad credit doesn't have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Pocatello, ID!