What Counts as Bad Credit in Dallas, TX?
When you apply for any type of loan, Texas lenders use your credit score to determine how likely you are to repay it. Many factors influence 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 Dallas, TX lender has its own guidelines for what it considers a poor credit score, you are often seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in Dallas, 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?” Yes, you can. But, financing a car in Dallas, TX with bad credit won't necessarily be easy. First off, not every lender feels comfortable giving loans to people with poor or no credit, so it may take some extra time to find a lender who will work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
When you find a lender in Texas, you may discover your low credit score impacts your loan. A poor credit score might limit your borrowing and lead to higher interest rates. Higher interest rates will mean larger monthly payments and overall repayment. With our Interest Rate Estimator and Payment Calculator, you can see an estimate for the monthly payment on your Dallas loan before filling out an application.
Concerned about your possible interest rate and monthly payment? You might want to think about improving your credit score before applying for Dallas, Texas auto 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 Dallas, TX for Bad Credit Car Loans
A poor credit score can increase your car loan rate, so it's more critical than ever to compare lenders in Dallas, TX and find the right deal. myAutoloan is here to help you find the best loan — no matter your credit history. All you have to do is choose your offer type and complete a confidential, secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. Finally, you can select the best loan for you and head to your favorite Dallas dealership with cash in hand.
Need a new ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Dallas, TX bad credit auto loans!