What Counts as Bad Credit in Harrison, OH?
When you apply for a car loan, mortgage, or another type of loan, lenders in Ohio look at your credit score to figure out the likelihood of you repaying it. Many factors influence 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 Harrison, OH lender has its own benchmarks for what it considers a poor credit score, you might be seen as having bad credit if your score falls below 600. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Get a Car Loan in Harrison, OH If I Have Bad 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. However, you'll likely face some challenges financing a car with bad credit in Harrison, OH. First off, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to spend some extra time finding a lender who will help with your financing. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Ohio, you may notice your low credit score affects your loan. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will also mean higher monthly payments and more spent over the life of the loan. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Harrison loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you worried? You might want to look into raising your credit score before you start applying for auto loans in Harrison, Ohio. View our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal in Harrison, OH for Bad Credit Car Loans
A low credit score can increase your car loan rate, making it more crucial than ever to compare costs and find the right loan in Harrison, OH. myAutoloan wants to help you find the best loan — despite your credit history. All you need to do is select your offer type and complete our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. Then, you can choose the best loan for you and head down to your go-to dealership in Harrison with money in hand.
Ready to purchase a new ride? Your poor credit doesn’t have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Harrison, OH!