What Counts as Bad Credit in Greenville, SC?
When you apply for any type of loan, lenders in South Carolina 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 Greenville, SC lender has its own criteria for what it deems a poor credit score, you may be seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be more cautious if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Greenville, SC 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. Still, it's going to be harder to finance a car with bad credit in Greenville, SC. Most notably, 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.
When you find a lender in South Carolina, you may learn your low credit score impacts your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will lead to larger monthly payments and total repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Greenville loan could look like before filling out an application.
Do your potential interest rate and monthly payment have you sweating? You should look into improving your credit score before you start applying for auto loans in Greenville, South Carolina. Take a look at 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 Greenville, SC for Bad Credit Car Loans
A poor credit score can raise your car loan rate, making it more critical than ever to compare lending options and find the right deal in Greenville, SC. myAutoloan wants to make sure you find the best loan — even without the best credit history. All you need to do is select 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. Finally, you can select the loan that looks best to you and head to your favorite Greenville dealership with a check in hand.
Ready to purchase your next ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Greenville, SC!