What Counts as Bad Credit in Ardmore, PA?
When you apply for a car loan, mortgage, or another type of loan, lenders in Pennsylvania use your credit score to figure out the probability that you'll repay it. Many factors go into your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While each Ardmore, PA lender has its own guidelines for what it considers a poor credit score, you might 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 Ardmore, PA with 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?” The short answer? Yes. Keep in mind, financing a car with bad credit in Ardmore, PA will come with some challenges. For starters, not every lender offers poor or no credit loans, so you may need to put in extra effort to find a lender willing to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've chosen a lender in Pennsylvania, you may discover your low credit score changes your loan. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will also mean higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Ardmore loan could look like before completing an application.
Concerned about your possible interest rate and monthly payment? You should consider improving your credit score before you start applying for auto loans in Ardmore, Pennsylvania. Take a look at 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 Ardmore, PA Poor Credit Car Loans
A poor 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 Ardmore, PA. myAutoloan wants to help you find the best loan — even without the best credit history. All you have to do is choose your offer type and complete our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. After, you can choose the best loan for you and visit any dealership in Ardmore with a loan in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Ardmore, PA through myAutoloan!