Do I Have Bad Credit in Harvey, LA?
When you borrow money — like a car loan — lenders in Louisiana look at your credit score to evaluate how likely you are to repay it. Many factors play into 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 every Harvey, LA lender has its own benchmarks for what it deems a poor credit score, you are often seen as having bad credit if you have a score below 600. Lenders will also be nervous if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Harvey, LA 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?” The short answer? Yes. However, financing a car in Harvey, LA with bad credit won't necessarily be easy. To begin with, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to put in some extra hours to find a lender willing to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've chosen a lender in Louisiana, you may learn your loan is impacted by your low credit score. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also 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 Harvey loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you sweating? You may want to look into improving your credit score before applying for auto loans in Harvey, Louisiana. Study our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Poor Credit Car Loans in Harvey, LA
A poor credit score can increase the rate on your car loan, so it's more critical than ever to compare lenders in Harvey, LA and find the right deal. myAutoloan is here to help you find the best loan — no matter your credit history. Simply choose your offer type and complete a confidential, secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. To finish, you can choose the best loan for you and head to your favorite Harvey dealership with money in hand.
Why wait to get a new ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Harvey, LA!