Like everything else, “bad” is a matter of opinion and degree. If the score is borderline, some lenders might still smell a good prospect while others, with slightly different criteria, would see more risk.
Most important: Shop around. “Some car loans are being made at 18 (percent) and 20 percent,” says Phil Reed, senior consumer advice editor for Edmunds.com. “You don’t want to have the attitude of ‘just get me a loan.’ There are still deals to be made.” Read more: