Compare Poor Credit Car Loans in Palatine, IL

Poor credit shouldn't stop you from getting your dream car! Apply with myAutoloan and compare up to four loans at once. Select the best option for you, and head to the Palatine, IL dealership of your choice to purchase your new ride.

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More Information

How Do I Know If I Have Bad Credit in Palatine, IL?

When you apply for a car loan, mortgage, or another type of loan, lenders in Illinois look at your credit score to determine how likely you are to 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 every lender in Palatine, IL has its own guidelines for what's considered a bad credit score, you are often seen as having bad credit if your score falls below 600. Lenders will also be wary if you've gone through bankruptcy, repossession, or foreclosure.

Can I Still Get a Car Loan in Palatine, IL 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?” Yes, you can. But, it's going to be harder to finance a car with bad credit in Palatine, IL. Most notably, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to spend some extra time finding a lender willing to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.

Once you've chosen a lender in Illinois, you may discover your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. High interest rates also mean higher monthly payments and overall repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Palatine loan might be before filling out an application.

Do your potential interest rate and monthly payment have you worried? You might want to look into increasing your credit score before you start applying for auto loans in Palatine, Illinois. Take a look at 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 Palatine, IL

A low credit score can raise your car loan rate, making it more critical than ever to compare lending options and find the right deal in Palatine, IL. myAutoloan wants to make sure you find the best loan — even without the best credit history. All you have to do is choose your offer type and fill out 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 loan that looks best to you and visit any dealership in Palatine with a check in hand.

Ready to purchase a new ride? Bad credit doesn't have to stop you. Apply now and compare up to four bad credit auto loans in Palatine, IL through myAutoloan!

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