What Counts as Bad Credit in California, MO?
When you apply for a car loan, mortgage, or another type of loan, lenders in Missouri use your credit score to figure out the chances of you repaying it. Your credit score is calculated using many factors, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While each California, MO lender has its own benchmarks for what’s considered a poor credit score, you may be seen as having bad credit if your score is less than 600. Lenders will also be more cautious if you've gone through bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in California, MO If I Have Bad Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Still, financing a car with bad credit in California, MO will come with some challenges. First off, 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 who will work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Missouri, you may see that your low credit score affects your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will lead to higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your California loan could look like before completing an application.
Do your potential interest rate and monthly payment have you sweating? You might want to contemplate raising your credit score before you start applying for auto loans in California, Missouri. Take a look at our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Bad Credit Car Loans in California, MO
A low credit score can increase the rate on your car loan, making it more critical than ever to compare costs to find the right deal in California, MO. At myAutoloan, we want to help you find the best loan — even without the best credit history. All you have to do is choose your offer type and complete a confidential, secure application. We'll show you up to four loans in minutes so you can easily compare rates. After, you can select the right loan for you and head to your favorite California dealership with a check in hand.
Need a new ride? Poor credit shouldn't stop you. Apply now and compare up to four bad credit auto loans in California, MO through myAutoloan!