What Counts as Bad Credit in Marietta, OH?
When you try to borrow money — like a car loan — Ohio lenders use your credit score to determine the chances of you repaying it. Many factors influence your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every lender in Marietta, OH has its own criteria for what it deems a poor credit score, you are often seen as having bad credit if your score falls below 600. Lenders will also be worried if you’ve experienced bankruptcy, repossession, or foreclosure.
Is it Possible to Get a Car Loan in Marietta, OH with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Still, financing a car in Marietta, 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 willing to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've chosen 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 higher monthly payments and more spent over the life of the loan. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Marietta loan might be before filling out an application.
Do your potential interest rate and monthly payment have you sweating? You should consider boosting your credit score before applying for auto loans in Marietta, Ohio. 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 Marietta, OH Poor Credit Car Loans
A low credit score can increase your car loan rate, making it more crucial than ever to compare lenders in Marietta, OH and find the right deal. myAutoloan wants to make sure you find the best loan — despite your credit history. All you have to do is select your offer type and complete or confidential and secure application. You'll see up to four loans at once so you can compare rates in minutes. Then, you can select the right loan for you and visit any dealership in Marietta with a check in hand.
Why wait to get a new ride? Your poor credit doesn’t have to stop you. Apply today through myAutoloan and compare up to four Marietta, OH bad credit auto loans!