Do I Have Bad Credit in Seattle, WA?
When you apply for any type of loan, lenders in Washington look at your credit score to figure out the likelihood of you repaying it. Many factors go into your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every lender in Seattle, WA will have its own guidelines for what's considered a low credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be nervous if you have a history of bankruptcy, foreclosure, or repossession.
Can I Get a Car Loan in Seattle, WA If I Have Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Still, financing a car in Seattle, WA with bad credit won't necessarily be easy. Most notably, not every lender offers poor or no credit loans, so you may need to spend some extra time finding a lender who will help with your financing. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you've found a lender in Washington, you may discover your low credit score affects your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. This high interest rate will lead to higher monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Seattle loan could look like before you apply.
Worried about your potential interest rate and monthly payment? You should consider boosting your credit score before you apply for Seattle, Washington car loans. View our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal on Bad Credit Car Loans in Seattle, WA
A low credit score can increase the rate on your car loan, so it's more critical than ever to compare lending options and find the right deal in Seattle, WA. myAutoloan is here to help you find the best loan — despite your credit history. All you need to do is select your offer type and complete a confidential, secure application. You'll see up to four loans at once so you can compare rates in minutes. Finally, you can select the right loan for you and head to your local Seattle dealership with a check in hand.
Ready to purchase your next ride? Bad credit doesn't have to stop you. Apply now and compare up to four bad credit auto loans in Seattle, WA through myAutoloan!