What Counts as Bad Credit in Shoreline, WA?
When you apply for a car loan, mortgage, or another type of loan, lenders in Washington use your credit score to decide the likelihood of you repaying it. Many factors play into 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 Shoreline, WA lender has its own guidelines for what it deems a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be wary if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Shoreline, WA with Low Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. But, you'll likely face some challenges financing a car with bad credit in Shoreline, WA. 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. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've chosen a lender in Washington, you may learn your low credit score impacts your loan. A poor credit score can result in limited borrowing and higher interest rates. Higher interest rates will mean 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 Shoreline loan before even applying.
Worried about your potential interest rate and monthly payment? You should think about boosting your credit score before applying for Shoreline, Washington auto loans. Take a look at 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 Shoreline, WA
A poor credit score can increase your car loan rate, making it more critical than ever to compare lenders in Shoreline, WA and find the right deal. At myAutoloan, we want to help you find the best loan — no matter your credit history. All you have to do is select your offer type and complete a confidential, secure application. We'll show you up to four loans in minutes so you can easily compare rates. Finally, you can select the best loan for you and visit any dealership in Shoreline with a check in hand.
Need a new ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Shoreline, WA!