What Is Considered Bad Credit in Puyallup, WA?
When you try to borrow money — like a car loan — lenders in Washington look at your credit score to decide the likelihood of you repaying it. Many factors go 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 Puyallup, WA has its own guidelines for what it deems a poor credit score, you could be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Puyallup, WA with Low Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer is yes. But, it's going to be harder to finance a car with bad credit in Puyallup, WA. Most notably, not every lender is willing to give a loan to someone with poor or no credit, so you may need to spend some extra time finding a lender who will work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you find a lender in Washington, you may discover your low credit score changes your loan. A poor credit score can limit your borrowing and result in higher interest rates. Higher interest rates will mean larger monthly payments and more spent over the life of the loan. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Puyallup loan might be before filling out an application.
Concerned about your possible interest rate and monthly payment? You may want to consider improving your credit score before applying for auto loans in Puyallup, Washington. Check out our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal in Puyallup, WA for Bad Credit Car Loans
A low credit score can increase your car loan rate, so it's more critical than ever to compare lenders in Puyallup, WA and find the right deal. At myAutoloan, we want to help you find the best loan — despite your credit history. Simply choose your offer type and complete or confidential and secure application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the loan that looks best to you and head to your local Puyallup dealership with cash in hand.
Why wait to get a new ride? Your poor credit doesn’t have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Puyallup, WA!