What Counts as Bad Credit in Manhattan, KS?
When you borrow money — like a car loan — lenders in Kansas use your credit score to decide how likely you are to repay it. Your credit score is calculated using many factors, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While each Manhattan, KS lender has its own benchmarks for what's considered a low credit score, you may be seen as having bad credit if your score is less than 600. Lenders will also be nervous if you've experienced repossession, bankruptcy, or foreclosure.
Is it Possible to Get a Car Loan in Manhattan, KS with Bad Credit?
Many car buyers have asked, “Can I get a car loan with a credit score of 600 or less?” The simple answer is yes. But, it's going to be harder to finance a car with bad credit in Manhattan, KS. Most notably, not every lender offers poor or no credit loans, so you may need to spend some extra time finding a lender willing to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
Once you find a lender in Kansas, you may discover your low credit score affects your loan. A poor credit score can limit your borrowing and result in higher interest rates. High interest rates also mean higher monthly payments and overall repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Manhattan loan might look like before filling out an application.
Do your potential interest rate and monthly payment have you worried? You might want to think about boosting your credit score before you start applying for auto loans in Manhattan, 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 Manhattan, KS for Bad Credit Car Loans
A poor credit score can increase the rate on your car loan, so it's more critical than ever to compare lending options and find the right deal in Manhattan, KS. At myAutoloan, we want to help you find the best loan — despite your credit history. Simply choose your offer type and fill out our secure, confidential application. We’ll show you up to four loans at a time so you can compare rates in minutes. Then, you can select the right loan for you and head to your local Manhattan dealership with a loan in hand.
Ready to purchase a new ride? Poor credit shouldn't stop you. Apply now and compare up to four bad credit auto loans in Manhattan, KS through myAutoloan!