What Counts as Bad Credit in Lebanon, NH?
When you borrow money — like a car loan — lenders in New Hampshire look at your credit score to decide how likely you are to repay it. Many factors influence 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 Lebanon, NH lender will have its own guidelines for what's considered a low credit score, you might be seen as having bad credit if you have a score below 600. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Lebanon, NH with Low Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Keep in mind, it's going to be harder to finance a car with bad credit in Lebanon, NH. For starters, not every lender offers poor or no credit loans, 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 New Hampshire, you may notice your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean larger monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Lebanon loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you worried? You may want to consider improving your credit score before applying for Lebanon, New Hampshire auto loans. Check out 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 Lebanon, NH
A bad credit score can increase your car loan rate, making it more critical than ever to compare lending options and find the right deal in Lebanon, NH. myAutoloan wants to help you find the best loan — despite your credit history. All you have to do is select 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 best loan for you and head to your local Lebanon dealership with a check in hand.
Need a new ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Lebanon, NH bad credit auto loans!