What Counts as Bad Credit in Kent, OH?
When you try to borrow money — like a car loan — lenders in Ohio use your credit score to figure out the likelihood of you repaying it. Many factors go into your credit score, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While each lender in Kent, OH will have its own guidelines for what's considered a bad credit score, you could be seen as having bad credit if your score is lower than 600. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Kent, 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. But, financing a car in Kent, OH with bad credit won't necessarily be easy. First off, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to put in some extra hours to find a lender inclined to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
When you find a lender in Ohio, you may learn your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. High interest rates also mean larger 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 Kent loan might look like before filling out an application.
Worried about your potential interest rate and monthly payment? You may want to contemplate raising your credit score before you apply for Kent, Ohio car loans. Check out 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 Kent, OH
A bad credit score can raise your car loan rate, so it's more critical than ever to compare lenders in Kent, OH and find the right deal. myAutoloan wants to make sure you find the best loan — regardless of your credit history. All you have to do is choose your offer type and complete or confidential and secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. Then, you can select the loan that looks best to you and head to your local Kent dealership with a check 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 Kent, OH bad credit auto loans!