How Do I Know If I Have Bad Credit in Great Falls, MT?
When you borrow money — like a car loan — Montana lenders use your credit score to evaluate how likely you are to repay it. Many factors go 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 lender in Great Falls, MT has its own criteria for what's considered a bad credit score, you could be seen as having bad credit if your score is lower than 600. Lenders will also be wary if you've experienced repossession, bankruptcy, or foreclosure.
Can I Get a Car Loan in Great Falls, MT If I Have Bad Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. But, financing a car in Great Falls, MT with bad credit won't necessarily be easy. 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 who will work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you find a lender in Montana, you may learn your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. Higher interest rates will mean higher monthly payments and total repayment. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Great Falls loan might look like before completing an application.
Do your potential interest rate and monthly payment have you sweating? You may want to think about boosting your credit score before you start applying for auto loans in Great Falls, Montana. View our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal in Great Falls, MT for Bad Credit Car Loans
A low credit score can increase the rate on your car loan, making it more crucial than ever to compare lending options and find the right deal in Great Falls, MT. myAutoloan wants to help you find the best loan — even without the best credit history. Simply choose your offer type and complete our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. Finally, you can select the loan that looks best to you and head to your local Great Falls dealership with a check in hand.
Ready to purchase your next ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Great Falls, MT bad credit auto loans!