How Do I Know If I Have Bad Credit in Hays, KS?
When you apply for any type of loan, Kansas lenders use your credit score to evaluate how likely you are to repay it. Many factors play into 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 Hays, KS lender will have its own guidelines for what's considered a bad credit score, you are often seen as having bad credit if your score falls below 600. Lenders will also be more cautious if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Hays, KS with Bad Credit?
You’re not the first car buyer asking, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. However, financing a car in Hays, KS with bad credit won't necessarily be easy. First off, not every lender offers poor or no credit loans, so it may take some extra time to find a lender inclined to work with you. Thankfully, myAutoloan partners with lenders that specialize in bad credit loans.
Once you've chosen a lender in Kansas, you may notice your low credit score impacts your loan. You may have limited borrowing power and a higher interest rate due to your poor credit score. Higher interest rates will mean higher monthly payments and overall repayment. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Hays loan might look like before completing an application.
Concerned about your possible interest rate and monthly payment? You might want to think about boosting your credit score before applying for Hays, Kansas auto loans. Take a look at our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal in Hays, KS for Bad Credit Car Loans
A poor credit score can increase your car loan rate, making it more important than ever to compare costs and find the right loan in Hays, KS. myAutoloan is here to help you find the best loan — no matter your credit history. Simply choose your offer type and complete a confidential, secure application. We’ll show you up to four loans at a time so you can compare rates in minutes. To finish, you can select the right loan for you and head to your favorite Hays dealership with money in hand.
Ready to purchase your next ride? Your poor credit doesn’t have to stop you. Apply now and compare up to four bad credit auto loans in Hays, KS through myAutoloan!