What Counts as Bad Credit in Orange, VA?
When you apply for a car loan, mortgage, or another type of loan, Virginia lenders look at your credit score to determine the chances 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 Orange, VA has its own guidelines for what's considered a bad credit score, you may be seen as having bad credit if your score falls below 600. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Orange, VA with Low 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. But, you'll likely face some challenges financing a car with bad credit in Orange, VA. Most notably, not every lender is willing to give a loan to someone with poor or no credit, so it may take some extra time to find a lender inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've found a lender in Virginia, you may notice your low credit score affects your loan. 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 total repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Orange loan could look like before you apply.
Worried about your potential interest rate and monthly payment? You might want to look into improving your credit score before you apply for Orange, Virginia car loans. Check out our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Orange, VA Poor Credit Car Loans
A poor credit score can increase the rate on your car loan, making it more critical than ever to compare lending options and find the right deal in Orange, VA. At myAutoloan, we want to help you find the best loan — despite your credit history. Simply choose 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. After, you can select the loan that looks best to you and visit any dealership in Orange with a check in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Orange, VA through myAutoloan!