What Is Considered Bad Credit in Pittsburgh, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders look at your credit score to figure out the probability that you'll repay 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 every Pittsburgh, PA lender has its own guidelines for what's considered a bad credit score, you may be seen as having bad credit if your score is less than 600. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in Pittsburgh, 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?” Yes, you can. But, financing a car with bad credit in Pittsburgh, PA will come with some challenges. For starters, not every lender offers poor or no credit loans, so you may need to put in some extra hours to find a lender who will work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've found a lender in Pennsylvania, you may discover your loan is impacted by your low credit score. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will also mean higher monthly payments and total repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Pittsburgh loan might be before even applying.
Do your potential interest rate and monthly payment have you sweating? You may want to think about increasing your credit score before applying for auto loans in Pittsburgh, Pennsylvania. Take a look at our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Pittsburgh, PA Poor Credit Car Loans
A poor credit score can raise your car loan rate, so it's more critical than ever to compare costs and find the right loan in Pittsburgh, PA. myAutoloan is here to help you find the best loan — no matter your 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 at once, allowing you to compare rates in minutes. Finally, you can select the best loan for you and head to your favorite Pittsburgh dealership with a loan in hand.
Ready to purchase a new ride? Bad credit doesn't have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Pittsburgh, PA!