How Do I Know If I Have Bad Credit in Hicksville, OH?
When you borrow money — like a car loan — Ohio lenders look at your credit score to figure out the likelihood of you repaying it. Many factors play into 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 every lender in Hicksville, OH has its own criteria for what’s considered a poor credit score, you may be seen as having bad credit if you have a score below 600. Lenders will also be wary if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Hicksville, OH with Bad Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Still, financing a car with bad credit in Hicksville, OH will come with some challenges. First off, not every lender feels comfortable giving loans to people with poor or no 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.
When you find a lender in Ohio, you may notice your loan is impacted by your low credit score. You may have limited borrowing power and a higher interest rate due to your poor credit score. High interest rates also mean higher monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Hicksville loan might look like before filling out an application.
Do your potential interest rate and monthly payment have you sweating? You may want to think about boosting your credit score before you apply for Hicksville, Ohio car loans. Study 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 Poor Credit Car Loans in Hicksville, OH
A bad credit score can raise your car loan rate, so it's more critical than ever to compare lenders in Hicksville, OH and find the right deal. At myAutoloan, we want to help you find the best loan — despite your credit history. Simply choose 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 select the loan that looks best to you and head to your favorite Hicksville dealership with cash in hand.
Ready to purchase a new ride? Bad credit doesn't have to stop you. Apply with myAutoloan today and compare up to four bad credit auto loans in Hicksville, OH!