What Counts as Bad Credit in Bluffton, SC?
When you apply for any type of loan, lenders in South Carolina look at your credit score to determine the probability that you'll repay it. Many factors go 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 Bluffton, SC lender will have its own guidelines for what it deems a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Get a Car Loan in Bluffton, SC If I Have Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Keep in mind, you'll likely face some challenges financing a car with bad credit in Bluffton, SC. First off, not every lender is willing to give a loan to someone with poor or no 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 South Carolina, you may notice your loan is impacted by your low credit score. 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 overall loan costs. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Bluffton loan might look like before even applying.
Worried about your potential interest rate and monthly payment? You should contemplate boosting your credit score before you apply for Bluffton, South Carolina car loans. 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 in Bluffton, SC for Bad Credit Car Loans
A low credit score can raise your car loan rate, making it more crucial than ever to compare costs to find the right deal in Bluffton, SC. At myAutoloan, we want to help you find the best loan — even without the best credit history. Simply choose your offer type and fill out our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. Then, you can select the loan that looks best to you and head to your local Bluffton dealership with money in hand.
Why wait to get a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Bluffton, SC bad credit auto loans!