What Counts as Bad Credit in Wamego, KS?
When you borrow money — like a car loan — lenders in Kansas use your credit score to figure out the probability that you'll repay it. Many factors influence your credit score, including any remaining loan balances, your repayment history, the number of open accounts you have, and the age of your credit accounts. While every Wamego, KS lender has its own guidelines for what's considered a bad credit score, you may be seen as having bad credit if your score is less than 600. Lenders will also be worried if you’ve experienced bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Wamego, KS with Low Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” The short answer is yes. However, financing a car with bad credit in Wamego, KS will come with some challenges. For starters, not every lender offers poor or no credit loans, so it may take some extra time to find a lender willing to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
When you find a lender in Kansas, you may notice your loan is impacted by your low credit score. A poor credit score can result in limited borrowing and higher interest rates. This high interest rate will lead to higher monthly payments and overall loan costs. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Wamego loan might be before completing an application.
Do your potential interest rate and monthly payment have you worried? You may want to consider improving your credit score before applying for auto loans in Wamego, 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 on Poor Credit Car Loans in Wamego, KS
A low credit score can raise your car loan rate, making it more critical than ever to compare costs to find the right deal in Wamego, KS. myAutoloan wants to make sure you find the best loan — no matter your credit history. All you need to do is select your offer type and fill out our secure, confidential application. We'll show you up to four loans in minutes so you can easily compare rates. Finally, you can select the right loan for you and visit any dealership in Wamego with cash in hand.
Ready to purchase a new ride? Bad credit doesn't have to stop you. Apply through myAutoloan now and review up to four Wamego, KS bad credit car loans!