Do I Have Bad Credit in Shawano, WI?
When you apply for any type of loan, lenders in Wisconsin use your credit score to determine the chances of you repaying it. Many factors go into 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 lender in Shawano, WI will have its own guidelines for what's considered a low credit score, you could be seen as having bad credit if your score is lower than 600. Lenders will also be more cautious if you have a history of bankruptcy, foreclosure, or repossession.
Can I Still Get a Car Loan in Shawano, WI with Low Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” The short answer? Yes. However, you'll likely face some challenges financing a car with bad credit in Shawano, WI. For starters, not all lenders are willing to give a loan to someone with no or poor credit, so you may need to spend some extra time finding a lender who will work with you. The good news is that myAutoloan partners with lenders specializing in bad credit loans.
Once you've found a lender in Wisconsin, you may see that your low credit score changes your loan. A poor credit score can result in limited borrowing and higher interest rates. Higher interest rates will mean higher monthly payments and total repayment. Tools like our Interest Rate Estimator and Payment Calculator can help you see what the monthly payment on your Shawano loan might look like before even applying.
Do your potential interest rate and monthly payment have you sweating? You might want to contemplate boosting your credit score before you apply for Shawano, Wisconsin car loans. 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 Shawano, WI
A bad credit score can raise your car loan rate, making it more important than ever to compare lenders in Shawano, WI and find the right deal. myAutoloan is here to help you find the best loan — regardless of your credit history. Simply choose your offer type and complete our secure, confidential application. We'll show you up to four loans at once, allowing you to compare rates in minutes. Then, you can select the loan that looks best to you and visit any dealership in Shawano with a check in hand.
Ready to purchase your next ride? Poor credit shouldn't stop you. Apply through myAutoloan now and review up to four Shawano, WI bad credit car loans!