What Counts as Bad Credit in Manassas, VA?
When you try to borrow money — like a car loan — Virginia lenders look at your credit score to figure out the likelihood of you repaying it. Many factors influence 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 every lender in Manassas, VA has its own criteria for what’s considered a poor credit score, you are often seen as having bad credit if your score is lower than 600. Lenders will also be wary if you've experienced repossession, bankruptcy, or foreclosure.
Is it Possible to Get a Car Loan in Manassas, VA 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 is yes. Keep in mind, financing a car in Manassas, VA with bad credit won't necessarily be easy. To begin with, 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 has lending partners that specialize in bad credit loans.
When you find a lender in Virginia, you may see that your low credit score affects your loan. A poor credit score can limit your borrowing and result in higher interest rates. Higher interest rates will mean higher monthly payments and overall repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Manassas loan might be before completing an application.
Do your potential interest rate and monthly payment have you worried? You may want to consider raising your credit score before you apply for Manassas, Virginia 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 on Poor Credit Car Loans in Manassas, VA
A bad credit score can increase your car loan rate, so it's more critical than ever to compare costs to find the right deal in Manassas, VA. myAutoloan wants to make sure you find the best loan — despite your credit history. All you need to do is select 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. After, you can select the right loan for you and head to your favorite Manassas dealership with money in hand.
Need a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Manassas, VA bad credit car loans!