Do I Have Bad Credit in Spokane, WA?
When you apply for any type of loan, Washington lenders look at your credit score to decide how likely you are to repay 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 each Spokane, WA lender has its own benchmarks for what it considers a poor credit score, you are often seen as having bad credit if your score falls below 600. Lenders will also be wary if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Spokane, WA with Low Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. Still, financing a car in Spokane, WA with bad credit won't necessarily be easy. Most notably, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in extra effort to find a lender willing to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've chosen a lender in Washington, you may discover your loan is impacted by your low credit score. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will lead to higher monthly payments and more spent over the life of the loan. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Spokane loan could look like before even applying.
Worried about your potential interest rate and monthly payment? You should look into increasing your credit score before applying for auto loans in Spokane, Washington. 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 Spokane, WA
A bad credit score can increase your car loan rate, making it more critical than ever to compare costs to find the right deal in Spokane, WA. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is select your offer type and fill out our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. After, you can choose the best loan for you and visit any dealership in Spokane with a check in hand.
Ready to purchase a new ride? Bad credit doesn't have to get in the way. Apply through myAutoloan now and review up to four Spokane, WA bad credit car loans!