How Do I Know If I Have Bad Credit in Harrisburg, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders use your credit score to decide the chances of you repaying it. Your credit score is calculated using many factors, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every lender in Harrisburg, PA has its own criteria for what’s considered a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Harrisburg, PA with Low Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Keep in mind, you'll likely face some challenges financing a car with bad credit in Harrisburg, PA. 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 extra effort to find a lender willing to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in Pennsylvania, you may learn your low credit score affects your loan. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will lead to larger monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Harrisburg loan might be before completing an application.
Concerned about your possible interest rate and monthly payment? You might want to look into increasing your credit score before you apply for Harrisburg, Pennsylvania car loans. Take a look at 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 Poor Credit Car Loans in Harrisburg, PA
A bad credit score can increase the rate on your car loan, making it more crucial than ever to compare costs to find the right deal in Harrisburg, PA. myAutoloan wants to make sure you find the best loan — even without the best credit history. All you need to do is select 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. After, you can select the best loan for you and head to your local Harrisburg dealership with a check in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Harrisburg, PA!