How Do I Know If I Have Bad Credit in Hickory, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders look at your credit score to figure out the chances of you repaying it. Your credit score is calculated using many factors, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While every Hickory, PA lender has its own criteria for what's considered a low credit score, you may be seen as having bad credit if your score is lower than 600. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Hickory, PA with Low 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 is yes. However, you'll likely face some challenges financing a car with bad credit in Hickory, 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 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've found a lender in Pennsylvania, you may learn 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 lead to higher monthly payments and more spent over the life of the loan. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Hickory loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you worried? You might want to think about boosting your credit score before applying for auto loans in Hickory, 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 on Bad Credit Car Loans in Hickory, PA
A low credit score can raise the rate on your car loan, making it more critical than ever to compare lending options and find the right deal in Hickory, PA. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have 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. Finally, you can select the best loan for you and visit any dealership in Hickory with cash in hand.
Why wait to get a new ride? Your poor credit doesn’t have to stop you. Apply through myAutoloan now and review up to four Hickory, PA bad credit car loans!