What Counts as Bad Credit in Grants Pass, OR?
When you apply for a car loan, mortgage, or another type of loan, Oregon lenders look at your credit score to determine the chances 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 lender in Grants Pass, OR has its own guidelines for what's considered a bad credit score, you might be seen as having bad credit if your score is lower than 600. Lenders will also be wary if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Grants Pass, OR with Low 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 is yes. But, you'll likely face some challenges financing a car with bad credit in Grants Pass, OR. To begin with, 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 inclined to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've found a lender in Oregon, you may see that your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. Higher interest rates will mean higher monthly payments and overall loan costs. With our Interest Rate Estimator and Payment Calculator, you can see what the monthly payment on your Grants Pass loan could look like before completing an application.
Concerned about your possible interest rate and monthly payment? You may want to think about raising your credit score before you apply for Grants Pass, Oregon 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 in Grants Pass, OR for Bad Credit Car Loans
A low credit score can increase your car loan rate, making it more critical than ever to compare lending options and find the right deal in Grants Pass, OR. myAutoloan wants to make sure you find the best loan — even without the best 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. After, you can select the best loan for you and head to your favorite Grants Pass dealership with cash in hand.
Need a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Grants Pass, OR bad credit auto loans!