How Do I Know If I Have Bad Credit in Harlingen, TX?
When you apply for a car loan, mortgage, or another type of loan, lenders in Texas use your credit score to determine the probability that you'll repay it. Many factors play into your credit score, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While each lender in Harlingen, TX will have its own guidelines for what it considers a poor 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.
Is it Possible to Get a Car Loan in Harlingen, TX with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Keep in mind, financing a car in Harlingen, TX with bad credit won't necessarily be easy. First off, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to put in extra effort to find a lender willing to work with you. Thankfully, myAutoloan has lending partners 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 can result in limited borrowing and higher interest rates. Higher interest rates will mean higher monthly payments and overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Harlingen loan might look like before filling out an application.
Do your potential interest rate and monthly payment have you worried? You may want to consider boosting your credit score before you apply for Harlingen, Texas car loans. Take a look at our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal in Harlingen, TX for Bad Credit Car Loans
A low credit score can raise your car loan rate, making it more important than ever to compare costs to find the right deal in Harlingen, TX. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is choose 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. After, you can select the best loan for you and head to your favorite Harlingen dealership with cash in hand.
Need a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Harlingen, TX bad credit car loans!