What Counts as Bad Credit in Corpus Christi, TX?
When you borrow money — like a car loan — Texas lenders look at your credit score to decide the chances of you repaying it. Many factors influence 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 Corpus Christi, TX lender has its own criteria for what's considered a bad 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 gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Corpus Christi, TX 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. Still, you'll likely face some challenges financing a car with bad credit in Corpus Christi, TX. First off, not every lender offers poor or no credit loans, so it may take some extra time to find 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 Texas, you may discover 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 more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Corpus Christi loan could look like before you apply.
Worried about your potential interest rate and monthly payment? You might want to look into increasing your credit score before applying for Corpus Christi, Texas auto loans. Check out our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal in Corpus Christi, TX for Bad Credit Car Loans
A bad credit score can raise your car loan rate, making it more critical than ever to compare lending options and find the right deal in Corpus Christi, TX. myAutoloan wants to make sure you find the best loan — no matter your credit history. All you have to do is select your offer type and fill out our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the loan that looks best to you and head to your favorite Corpus Christi dealership with money in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply through myAutoloan now and review up to four Corpus Christi, TX bad credit car loans!