What Counts as Bad Credit in Apollo, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders look at your credit score to decide the chances of you repaying it. Many factors go 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 Apollo, PA lender will have its own guidelines for what's considered a bad credit score, you are often seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be wary if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Apollo, PA with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Still, financing a car in Apollo, PA with bad credit won't necessarily be easy. First off, not all lenders are willing to give a loan to someone with no or poor credit, so it may take some extra time to find a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've chosen a lender in Pennsylvania, you may notice your low credit score affects your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. 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 Apollo loan might look like before even applying.
Worried about your potential interest rate and monthly payment? You may want to think about increasing your credit score before applying for auto loans in Apollo, Pennsylvania. View our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal in Apollo, PA for Bad Credit Car Loans
A low credit score can increase the rate on your car loan, making it more important than ever to compare costs and find the right loan in Apollo, PA. myAutoloan wants to make sure you find the best loan — even without the best credit history. Simply choose 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. Then, you can select the right loan for you and head down to your go-to dealership in Apollo with cash in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply today through myAutoloan and compare up to four Apollo, PA bad credit auto loans!