Do I Have Bad Credit in Tulsa, OK?
When you borrow money — like a car loan — lenders in Oklahoma use your credit score to figure out the probability that you'll repay it. Many factors play into 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 lender in Tulsa, OK has its own criteria for what it considers a poor credit score, you could be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be worried if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Tulsa, OK with Bad Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. Still, it's going to be harder to finance a car with bad credit in Tulsa, OK. Most notably, not every lender is willing to give a loan to someone with poor or no credit, so you may need to put in some extra hours to find a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you find a lender in Oklahoma, you may discover your low credit score changes your loan. A poor credit score might limit your borrowing and lead to higher interest rates. High interest rates also mean higher monthly payments and overall loan costs. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Tulsa loan could look like before completing an application.
Do your potential interest rate and monthly payment have you sweating? You may want to contemplate increasing your credit score before you apply for Tulsa, Oklahoma car loans. View our Guide to Better Credit for Auto Financing to learn about credit scores and how you can quickly raise yours.
Find the Best Deal in Tulsa, OK for Bad Credit Car Loans
A poor credit score can increase the rate on your car loan, making it more critical than ever to compare lending options and find the right deal in Tulsa, OK. myAutoloan is here to help you find the best loan — even without the best credit history. All you need to do is select your offer type and fill out our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. Then, you can select the right loan for you and visit any dealership in Tulsa with money in hand.
Need a new ride? Poor credit shouldn't stop you. Apply now and compare up to four bad credit auto loans in Tulsa, OK through myAutoloan!