How Do I Know If I Have Bad Credit in Abington, PA?
When you apply for a car loan, mortgage, or another type of loan, Pennsylvania lenders look at your credit score to evaluate the probability that you'll 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 Abington, PA lender has its own benchmarks for what it considers a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in Abington, PA If I Have Bad Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Keep in mind, financing a car in Abington, PA with bad credit won't necessarily be easy. First off, not every lender is willing to give a loan to someone with poor or no credit, so you may need to spend some extra time finding a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've found a lender in Pennsylvania, you may see that your loan is impacted by your low credit score. A poor credit score might limit your borrowing and lead to higher interest rates. Higher interest rates will mean higher monthly payments and overall loan costs. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Abington loan might be before completing an application.
Do your potential interest rate and monthly payment have you sweating? You should consider increasing your credit score before applying for Abington, Pennsylvania auto loans. 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 on Bad Credit Car Loans in Abington, PA
A poor credit score can increase your car loan rate, so it's more critical than ever to compare lending options and find the right deal in Abington, PA. myAutoloan wants to help you find the best loan — no matter your credit history. All you have to do is choose your offer type and complete a confidential, secure application. You'll see up to four loans at once so you can compare rates in minutes. Finally, you can choose the best loan for you and head to your favorite Abington dealership with a loan in hand.
Why wait to get a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Abington, PA through myAutoloan!