What Is Considered Bad Credit in Bryan, OH?
When you apply for a car loan, mortgage, or another type of loan, Ohio lenders use your credit score to figure out the probability that you'll repay it. Many factors influence 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 Bryan, OH will have its own guidelines for what's considered a bad credit score, you may be seen as having bad credit if you have a score below 600. Lenders will also be nervous if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Bryan, OH 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?” Yes, you can. But, financing a car in Bryan, OH with bad credit won't necessarily be easy. For starters, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in some extra hours to find a lender who will work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
When you find a lender in Ohio, you may notice your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will also mean larger monthly payments and total repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Bryan loan might be before even applying.
Do your potential interest rate and monthly payment have you worried? You might want to contemplate boosting your credit score before you start applying for auto loans in Bryan, Ohio. Check out our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal in Bryan, OH for Bad Credit Car Loans
A bad credit score can increase your car loan rate, making it more important than ever to compare costs and find the right loan in Bryan, OH. myAutoloan wants to help you find the best loan — even without the best credit history. Simply choose your offer type and complete a confidential, secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. After, you can choose the best loan for you and head to your local Bryan dealership with cash 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 Bryan, OH!