What Is Considered Bad Credit in Emporia, KS?
When you try to borrow money — like a car loan — lenders in Kansas look at your credit score to determine the likelihood of you repaying it. Many factors go into your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While each Emporia, KS lender has its own criteria for what’s considered a poor credit score, you could be seen as having bad credit if your score falls below 600. Lenders will also be nervous if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Emporia, KS 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?” The short answer is yes. Still, it's going to be harder to finance a car with bad credit in Emporia, KS. Most notably, 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 work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you find a lender in Kansas, you may notice 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 higher monthly payments and more spent over the life of the loan. With our Interest Rate Estimator and Payment Calculator, you can see an estimate for the monthly payment on your Emporia loan before even applying.
Concerned about your possible interest rate and monthly payment? You might want to look into boosting your credit score before applying for auto loans in Emporia, Kansas. View our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal in Emporia, KS for Bad Credit Car Loans
A low credit score can increase the rate on your car loan, making it more important than ever to compare lending options and find the right deal in Emporia, KS. myAutoloan wants to help you find the best loan — regardless of your credit history. All you have to do is choose your offer type and complete or confidential and secure application. We'll show you up to four loans in minutes so you can easily compare rates. To finish, you can select the right loan for you and head to your favorite Emporia dealership with cash in hand.
Need a new ride? Poor credit shouldn't stop you. Apply now and compare up to four bad credit auto loans in Emporia, KS through myAutoloan!