What Counts as Bad Credit in Slatington, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders look at your credit score to determine the probability that you'll repay it. Many factors play into your credit score, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While each Slatington, PA lender has its own guidelines for what it deems a poor 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 have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Slatington, 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. Keep in mind, financing a car in Slatington, PA with bad credit won't necessarily be easy. To begin with, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to spend some extra time finding 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 see that your low credit score changes your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. This high interest rate will also mean higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Slatington loan might be before you apply.
Concerned about your possible interest rate and monthly payment? You may want to consider improving your credit score before applying for Slatington, Pennsylvania auto loans. View 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 Bad Credit Car Loans in Slatington, PA
A low credit score can raise your car loan rate, so it's more critical than ever to compare lending options and find the right deal in Slatington, PA. At myAutoloan, we want to help you find the best loan — even without the best credit history. All you have to do is choose 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. After, you can select the loan that looks best to you and head to your local Slatington dealership with a loan in hand.
Ready to purchase 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 Slatington, PA through myAutoloan!