What Is Considered Bad Credit in Pasadena, TX?
When you apply for a car loan, mortgage, or another type of loan, Texas lenders look at your credit score to decide the chances of you repaying it. Many factors play into 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 Pasadena, TX lender has its own benchmarks for what's considered a bad credit score, you might be seen as having bad credit if you have a score below 600. Lenders will also be more cautious if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Pasadena, TX with 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 short answer? Yes. However, it's going to be harder to finance a car with bad credit in Pasadena, TX. First off, not every lender offers poor or no credit loans, so you may need to put in some extra hours to find a lender willing to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've found a lender in Texas, you may discover your loan is impacted by your low credit score. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean higher monthly payments and overall repayment. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Pasadena loan might be before filling out an application.
Worried about your potential interest rate and monthly payment? You might want to consider improving your credit score before you start applying for auto loans in Pasadena, Texas. 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 Pasadena, TX for Bad Credit Car Loans
A bad credit score can raise your car loan rate, making it more crucial than ever to compare costs and find the right loan in Pasadena, TX. myAutoloan wants to make sure you find the best loan — regardless of your credit history. Simply choose your offer type and fill out our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. After, you can select the loan that looks best to you and head to your favorite Pasadena dealership with a loan in hand.
Why wait to get a new ride? Bad credit doesn't have to get in the way. Apply now and compare up to four bad credit auto loans in Pasadena, TX through myAutoloan!