Do I Have Bad Credit in South Hills, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders use your credit score to decide the likelihood of you repaying it. Many factors go into 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 each South Hills, PA lender has its own criteria for what it deems a poor credit score, you may be seen as having bad credit if you have a score below 600. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in South Hills, 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?” The short answer? Yes. Still, it's going to be harder to finance a car with bad credit in South Hills, PA. Most notably, 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 willing to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you find a lender in Pennsylvania, you may see that your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will also mean higher monthly payments and total repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your South Hills loan could look like before completing an application.
Do your potential interest rate and monthly payment have you sweating? You may want to look into increasing your credit score before you apply for South Hills, Pennsylvania car loans. Take a look at 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 Poor Credit Car Loans in South Hills, PA
A low credit score can raise your car loan rate, making it more important than ever to compare costs and find the right loan in South Hills, PA. At myAutoloan, we want to help you find the best loan — despite your credit history. All you need 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. After, you can select the best loan for you and head to your favorite South Hills dealership with a check in hand.
Why wait to get a new ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four South Hills, PA bad credit auto loans!