What Counts as Bad Credit in Hastings, NE?
When you apply for any type of loan, lenders in Nebraska look at your credit score to evaluate how likely you are to repay it. Many factors go into your credit score, including the number of open accounts you have, your repayment history, the age of your credit accounts, and any remaining loan balances. While every Hastings, NE lender has its own criteria for what's considered a bad credit score, you could be seen as having bad credit if your score is lower than 600. Lenders will also be worried if you've experienced repossession, bankruptcy, or foreclosure.
Can I Still Get a Car Loan in Hastings, NE with Bad Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. However, financing a car in Hastings, NE with bad credit won't necessarily be easy. For starters, not every lender feels comfortable giving loans to people with poor or no credit, so it may take some extra time to find a lender inclined to work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
When you find a lender in Nebraska, you may learn your low credit score changes your loan. A poor credit score might limit your borrowing and lead to higher interest rates. High interest rates also mean larger monthly payments and more spent over the life of the loan. Our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Hastings loan could look like before completing an application.
Worried about your potential interest rate and monthly payment? You may want to look into increasing your credit score before you apply for Hastings, Nebraska car 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 on Hastings, NE Poor Credit Car Loans
A bad credit score can raise the rate on your car loan, making it more crucial than ever to compare lenders in Hastings, NE and find the right deal. At myAutoloan, we want to help you find the best loan — no matter your credit history. All you have to do is select your offer type and complete or confidential and secure 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 Hastings dealership with cash in hand.
Need a new ride? Your poor credit doesn’t have to stop you. Apply today through myAutoloan and compare up to four Hastings, NE bad credit auto loans!