If you have bad credit, getting a car loan may be hard, but bad credit auto loans in Bothell are not impossible to find. Let’s explore some of the best options for you and how you can better your chances of getting an auto loan even if you have bad credit.
Do You Know Your Credit Score?
The most important thing you need to do before you begin the shopping process for bad credit auto loans is to check your credit. You will not need to do a soft credit check but simply find a rough estimate. This can be found by using Credit Karma a free service. The FICO credit scoring system ranges from 300 to 850. Any score that falls at or below 580 is considered poor. Just be aware of this and also why it is low.
Why Do You Have Bad Credit?
There are four main categories that influence your credit score:
- How much debt you have/how much of your credit you are using.
- Length of credit history.
- Payment history.
If you have only had your credit cards for a short while or do not make your payments on time, this can all affect your credit score.
Are There Any Factors You Can Address Now?
There may be factors that you can immediately get to work on. This might mean paying payments on an account you have forgotten to do so. If there is nothing you can do to fix your credit, then do not give up hope. Although it is hard to get bad credit auto loans, you just need to find the right lender.