What Counts as Bad Credit in Exeter, PA?
When you apply for any type of loan, Pennsylvania lenders use your credit score to determine how likely you are to repay it. Many factors influence 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 Exeter, PA lender has its own guidelines for what's considered a low credit score, you could be seen as having bad credit if you have a score below 600. Lenders will also be nervous if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in Exeter, PA If I Have 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. Keep in mind, financing a car in Exeter, PA with bad credit won't necessarily be easy. Most notably, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to put in extra effort to find a lender inclined to 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 learn your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will lead to higher monthly payments and overall repayment. Our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Exeter loan before filling out an application.
Do your potential interest rate and monthly payment have you worried? You might want to consider boosting your credit score before you apply for Exeter, Pennsylvania car loans. Study our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal on Exeter, PA Poor Credit Car Loans
A poor credit score can raise the rate on your car loan, making it more crucial than ever to compare costs and find the right loan in Exeter, 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 at a time so you can compare rates in minutes. Finally, you can select the right loan for you and head down to your go-to dealership in Exeter with cash in hand.
Need a new ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Exeter, PA bad credit auto loans!