What Counts as Bad Credit in San Juan, TX?
When you apply for any type of loan, lenders in Texas look at your credit score to evaluate the probability that you'll 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 lender in San Juan, TX has its own criteria for what’s considered a poor credit score, you may be seen as having bad credit if your score is lower than 600. Lenders will also be more cautious if you've gone through bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in San Juan, 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?” Yes, you can. Still, it's going to be harder to finance a car with bad credit in San Juan, TX. 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 help with your financing. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
When you find a lender in Texas, you may notice your loan is impacted by your low credit score. A poor credit score might limit your borrowing and lead to higher interest rates. This high interest rate will lead to larger monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see an estimate for the monthly payment on your San Juan loan before filling out an application.
Do your potential interest rate and monthly payment have you worried? You should think about raising your credit score before applying for auto loans in San Juan, Texas. Take a look at our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal on Poor Credit Car Loans in San Juan, TX
A poor credit score can raise your car loan rate, so it's more critical than ever to compare lending options and find the right deal in San Juan, TX. myAutoloan wants to make sure you find the best loan — even without the best credit history. Simply choose your offer type and complete our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. Finally, you can choose the best loan for you and head down to your go-to dealership in San Juan with a check in hand.
Ready to purchase a new ride? Poor credit shouldn't stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in San Juan, TX!