How Do I Know If I Have Bad Credit in Lehighton, PA?
When you borrow money — like a car loan — Pennsylvania lenders look at your credit score to decide the likelihood of you repaying it. Many factors influence your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every Lehighton, PA lender has its own benchmarks for what's considered a low credit score, you might be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Lehighton, 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?” The short answer? Yes. Keep in mind, financing a car with bad credit in Lehighton, 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. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've chosen a lender in Pennsylvania, you may learn your loan is impacted by your low credit score. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will lead to higher monthly payments and more spent over the life of the loan. Tools like our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Lehighton loan before filling out an application.
Worried about your potential interest rate and monthly payment? You may want to look into boosting your credit score before you start applying for auto loans in Lehighton, Pennsylvania. 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 in Lehighton, PA for Bad Credit Car Loans
A bad credit score can raise the rate on your car loan, making it more crucial than ever to compare costs to find the right deal in Lehighton, PA. At myAutoloan, we want to help you find the best loan — even without the best credit history. All you have to do is select your offer type and complete a confidential, secure application. We'll show you up to four loans in minutes so you can easily compare rates. To finish, you can select the right loan for you and head down to your go-to dealership in Lehighton with cash in hand.
Why wait to get a new ride? Bad credit doesn't have to get in the way. Apply now and compare up to four bad credit auto loans in Lehighton, PA through myAutoloan!