Do I Have Bad Credit in Lansing, KS?
When you try to borrow money — like a car loan — Kansas lenders look at your credit score to evaluate the chances of you repaying it. Your credit score is calculated using many factors, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every lender in Lansing, KS will have its own guidelines for what it deems a poor credit score, you could be seen as having bad credit if your score is less than 600. Lenders will also be worried if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Lansing, 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. Keep in mind, financing a car with bad credit in Lansing, KS will come with some challenges. First off, not every lender feels comfortable giving loans to people with poor or no credit, so you may need to spend some extra time finding a lender willing to work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've chosen a lender in Kansas, you may discover your low credit score changes 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. Use our Interest Rate Estimator and Payment Calculator to see what the monthly payment on your Lansing loan could look like before filling out an application.
Worried about your potential interest rate and monthly payment? You may want to look into boosting your credit score before applying for Lansing, Kansas auto loans. Study our Guide to Better Credit for Auto Financing for information about credit scores and tips for quickly raising yours.
Find the Best Deal in Lansing, KS for Bad Credit Car Loans
A bad credit score can raise the rate on your car loan, making it more crucial than ever to compare lending options and find the right deal in Lansing, KS. myAutoloan is here to help you find the best loan — despite your credit history. Simply choose your offer type and complete or confidential and secure application. You'll see up to four loans at once so you can compare rates in minutes. To finish, you can select the loan that looks best to you and head down to your go-to dealership in Lansing with a loan in hand.
Need a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Lansing, KS bad credit car loans!