What Is Considered Bad Credit in Continental, OH?
When you try to borrow money — like a car loan — lenders in Ohio look at your credit score to determine the probability that you'll repay it. Your credit score is calculated using many factors, including the age of your credit accounts, the number of open accounts you have, any remaining loan balances, and your repayment history. While each Continental, OH lender has its own criteria for what’s considered a poor credit score, you are often seen as having bad credit if you have a score below 600. Lenders will also be wary if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Continental, 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?” The short answer is yes. Still, financing a car with bad credit in Continental, OH will come with some challenges. Most notably, not all lenders are willing to give a loan to someone with no or poor credit, so it may take some extra time to find a lender inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Ohio, you may notice 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 total repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Continental loan could look like before completing an application.
Worried about your potential interest rate and monthly payment? You might want to contemplate boosting your credit score before applying for Continental, Ohio auto loans. View our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal on Continental, OH Poor Credit Car Loans
A low credit score can raise the rate on your car loan, making it more crucial than ever to compare lenders in Continental, OH and find the right deal. At myAutoloan, we want to help you find the best loan — even without the best credit history. All you need 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. After, you can select the right loan for you and visit any dealership in Continental with money in hand.
Ready to purchase a new ride? Bad credit doesn't have to get in the way. Apply today through myAutoloan and compare up to four Continental, OH bad credit auto loans!