How Do I Know If I Have Bad Credit in Exeter, NH?
When you try to borrow money — like a car loan — New Hampshire lenders look at your credit score to figure out how likely you are to repay 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 Exeter, NH lender has its own guidelines for what's considered a low credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be nervous if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Exeter, NH with Low Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer is yes. Still, it's going to be harder to finance a car with bad credit in Exeter, NH. To begin with, not every lender offers poor or no credit loans, 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.
When you find a lender in New Hampshire, you may discover your low credit score impacts your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will lead to higher monthly payments and overall repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Exeter loan before completing an application.
Worried about your potential interest rate and monthly payment? You might want to look into increasing your credit score before applying for auto loans in Exeter, New Hampshire. Take a look at our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Poor Credit Car Loans in Exeter, NH
A low credit score can raise the rate on your car loan, making it more critical than ever to compare costs to find the right deal in Exeter, NH. myAutoloan is here to help you find the best loan — no matter your credit history. All you need to do is select 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. To finish, you can select the best loan for you and head to your local Exeter dealership with cash in hand.
Ready to purchase your next ride? Your poor credit doesn’t have to stop you. Apply through myAutoloan now and review up to four Exeter, NH bad credit car loans!