What Counts as Bad Credit in Bradford, PA?
When you apply for any type of loan, lenders in Pennsylvania use your credit score to determine the chances of you repaying it. Your credit score is calculated using many factors, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While every Bradford, PA lender has its own guidelines for what’s considered a poor credit score, you may be seen as having bad credit if your score is less than 600. Lenders will also be more cautious if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Bradford, PA with Low Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Still, financing a car with bad credit in Bradford, PA will come with some challenges. To begin with, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to put in some extra hours to find a lender who will help with your financing. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Pennsylvania, you may notice your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean larger monthly payments and overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Bradford loan might look like before even applying.
Worried about your potential interest rate and monthly payment? You may want to look into boosting your credit score before applying for auto loans in Bradford, Pennsylvania. Check out our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal in Bradford, PA for Bad Credit Car Loans
A bad credit score can increase the rate on your car loan, so it's more critical than ever to compare lending options and find the right deal in Bradford, PA. myAutoloan is here to help you find the best loan — regardless of your credit history. All you have to do is choose 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. Then, you can select the best loan for you and head down to your go-to dealership in Bradford with cash in hand.
Ready to purchase your next ride? Poor credit shouldn't stop you. Apply through myAutoloan now and review up to four Bradford, PA bad credit car loans!