How Do I Know If I Have Bad Credit in Saint George, SC?
When you apply for a car loan, mortgage, or another type of loan, lenders in South Carolina use your credit score to decide how likely you are to 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 each Saint George, SC lender has its own benchmarks for what's considered a low credit score, you may be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Get a Car Loan in Saint George, 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?” The simple answer is yes. But, financing a car with bad credit in Saint George, SC will come with some challenges. Most notably, not every lender offers poor or no credit loans, so you may need to spend some extra time finding a lender inclined to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've found a lender in South Carolina, you may notice your low credit score changes your loan. A poor credit score might limit your borrowing and lead to higher interest rates. Higher interest rates will mean higher monthly payments and total repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Saint George loan might be before you apply.
Concerned about your possible interest rate and monthly payment? You should think about raising your credit score before you apply for Saint George, South Carolina car loans. Check out our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal in Saint George, SC for Bad Credit Car Loans
A bad credit score can increase your car loan rate, so it's more critical than ever to compare lenders in Saint George, SC and find the right deal. myAutoloan is here to help you find the best loan — despite your credit history. All you need to do is select your offer type and complete our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. Finally, you can choose the best loan for you and head to your favorite Saint George dealership with a loan in hand.
Ready to purchase your next ride? Your poor credit doesn’t have to stop you. Apply today through myAutoloan and compare up to four Saint George, SC bad credit auto loans!