What Counts as Bad Credit in Eagle Pass, TX?
When you try to borrow money — like a car loan — lenders in Texas use your credit score to evaluate the chances of you repaying it. Many factors play into 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 Eagle Pass, TX lender has its own guidelines for what it deems a poor credit score, you may be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Eagle Pass, TX with Low Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. However, it's going to be harder to finance a car with bad credit in Eagle Pass, TX. For starters, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in extra effort to find a lender who will work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've found a lender in Texas, you may learn your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will lead to higher monthly payments and overall repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Eagle Pass loan might be before completing an application.
Do your potential interest rate and monthly payment have you sweating? You should look into raising your credit score before you apply for Eagle Pass, Texas car loans. Take a look at our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal on Eagle Pass, TX Poor Credit Car Loans
A low credit score can increase the rate on your car loan, making it more crucial than ever to compare costs to find the right deal in Eagle Pass, TX. myAutoloan wants to help you find the best loan — regardless of your credit history. All you have to do is select your offer type and complete our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. To finish, you can choose the best loan for you and visit any dealership in Eagle Pass with cash in hand.
Ready to purchase a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Eagle Pass, TX bad credit car loans!