What Counts as Bad Credit in Oshkosh, WI?
When you apply for a car loan, mortgage, or another type of loan, Wisconsin lenders look at your credit score to decide the chances of you repaying it. Your credit score is calculated using many factors, 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 Oshkosh, WI has its own benchmarks for what’s considered a poor credit score, you are often seen as having bad credit if your score sits under the 600 benchmark. Lenders will also be more cautious if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Oshkosh, WI 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?” Yes, you can. But, financing a car in Oshkosh, WI with bad credit won't necessarily be easy. First off, not all lenders are willing to give a loan to someone with no or poor credit, so it may take some extra time to find a lender who will help with your financing. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you've chosen a lender in Wisconsin, you may see that your low credit score affects your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will also mean higher monthly payments and overall repayment. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Oshkosh loan might be before you apply.
Do your potential interest rate and monthly payment have you sweating? You may want to contemplate boosting your credit score before you apply for Oshkosh, Wisconsin car loans. Study our Guide to Better Credit for Auto Financing to better understand your credit score and how you can raise it.
Find the Best Deal on Poor Credit Car Loans in Oshkosh, WI
A bad credit score can raise the rate on your car loan, making it more important than ever to compare lenders in Oshkosh, WI and find the right deal. At myAutoloan, we want to help you find the best loan — regardless of your credit history. All you have to do is select your offer type and complete our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. Then, you can select the loan that looks best to you and head to your local Oshkosh dealership with a check in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Oshkosh, WI through myAutoloan!