Do I Have Bad Credit in Kent, WA?
When you try to borrow money — like a car loan — lenders in Washington look at your credit score to figure out the probability that you'll repay it. Many factors play into your credit score, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every Kent, WA lender will have its own guidelines for what's considered a bad 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 Kent, WA with Bad Credit?
Many borrowers have asked, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. Still, it's going to be harder to finance a car with bad credit in Kent, WA. First off, not every lender offers poor or no credit loans, so you may need to put in some extra hours to find a lender who will work with you. Luckily, myAutoloan partners with lenders specializing in bad credit car loans.
Once you've found a lender in Washington, 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 overall loan costs. Our Interest Rate Estimator and Payment Calculator can help you see an estimate for the monthly payment on your Kent loan before you apply.
Concerned about your possible interest rate and monthly payment? You might want to think about improving your credit score before you apply for Kent, Washington 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 Bad Credit Car Loans in Kent, WA
A bad credit score can raise the rate on your car loan, making it more critical than ever to compare lending options and find the right deal in Kent, WA. At myAutoloan, we want 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 in minutes so you can easily compare rates. To finish, you can select the best loan for you and head to your local Kent dealership with a loan in hand.
Need a new ride? Poor credit shouldn't stop you. Apply today through myAutoloan and compare up to four Kent, WA bad credit auto loans!