What Counts as Bad Credit in Bristol, PA?
When you borrow money — like a car loan — Pennsylvania lenders 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 each lender in Bristol, PA has its own criteria for what's considered a low credit score, you might be seen as having bad credit if your score falls below 600. Lenders will also be wary if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Bristol, 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. But, it's going to be harder to finance a car with bad credit in Bristol, PA. Most notably, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to put in some extra hours to find a lender who will work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you've chosen a lender in Pennsylvania, you may notice your low credit score impacts your loan. A poor credit score can limit your borrowing and result in higher interest rates. Higher interest rates will mean higher monthly payments and overall repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Bristol loan could look like before completing an application.
Worried about your potential interest rate and monthly payment? You should contemplate improving your credit score before applying for auto loans in Bristol, Pennsylvania. Check out our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Poor Credit Car Loans in Bristol, PA
A low credit score can increase your car loan rate, making it more crucial than ever to compare costs and find the right loan in Bristol, PA. myAutoloan wants to make sure you find the best loan — despite your credit history. Simply choose your offer type and fill out our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. Finally, you can select the loan that looks best to you and head to your favorite Bristol dealership with cash in hand.
Ready to purchase a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Bristol, PA bad credit auto loans!