What Is Considered Bad Credit in Washington, PA?
When you try to borrow money — like a car loan — Pennsylvania lenders look at your credit score to evaluate the chances of you repaying it. Many factors play into your credit score, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While every Washington, 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 lower than 600. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Washington, 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?” Yes, you can. However, you'll likely face some challenges financing a car with bad credit in Washington, PA. For starters, not every lender offers poor or no credit loans, so you may need to spend some extra time finding a lender willing to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you find a lender in Pennsylvania, you may discover your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Washington loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you sweating? You should look into increasing your credit score before you start applying for auto loans in Washington, Pennsylvania. Check out 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 Washington, PA Poor Credit Car Loans
A low credit score can increase the rate on your car loan, so it's more critical than ever to compare costs and find the right loan in Washington, 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 or confidential and secure application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the right loan for you and head to your local Washington dealership with money 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 Washington, PA through myAutoloan!