What Counts as Bad Credit in Cleburne, TX?
When you borrow money — like a car loan — lenders in Texas use your credit score to evaluate the likelihood of you repaying it. Many factors influence 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 lender in Cleburne, TX has its own guidelines for what it deems a poor credit score, you could be seen as having bad credit if you have a score below 600. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in Cleburne, TX If I Have 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 simple answer is yes. Keep in mind, financing a car with bad credit in Cleburne, TX will come with some challenges. Most notably, 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. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've chosen a lender in Texas, you may learn your low credit score changes your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will also mean larger monthly payments and total repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Cleburne loan might be before even applying.
Worried about your potential interest rate and monthly payment? You may want to think about boosting your credit score before applying for Cleburne, Texas auto 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 Cleburne, TX Poor Credit Car Loans
A bad credit score can increase your car loan rate, making it more important than ever to compare costs and find the right loan in Cleburne, TX. myAutoloan is here to help you find the best loan — regardless of your credit history. Simply choose your offer type and complete a confidential, secure application. You'll see up to four loans at once so you can compare rates in minutes. After, you can select the best loan for you and head to your favorite Cleburne dealership with cash in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply through myAutoloan now and review up to four Cleburne, TX bad credit car loans!