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Less Than Perfect Credit Car Loans

If you’re investigating car loans but possess less than perfect credit, you may be wondering about your options. We offer financing that helps Manhattan, Junction City, and Wamego, Kansas drivers to get the car you want. When you sit down with a Murdock Manhattan Chevrolet finance representative, they can discuss your options.
Less Than Perfect Credit Car Loans

Do You Know Your Credit Score?

Many car shoppers may not know their current credit score and may not realize that it's less than perfect until a time like this. If your credit score is low, it may affect your ability to get the car loan you want and determines what interest rates you can expect.

A FICO credit score ranges from 300 to 850, and the higher the score, the more likely it is that you can get fantastic interest rates and get your loan approved. This score lets the lender know how likely you may be to pay back a loan and on time. Your credit history affects what score you may carry.

If you carry less than perfect credit, your score will span from 580 to 669. With this type of score, you may face higher interest rates and may be limited as to which loans you can get.
Credit Score

    How Did You Earn Less Than Perfect Credit?

    Anyone can earn less than perfect credit. Sometimes, it's unavoidable while other times it may be prevented. It represents how you handle paying loans and other debts.

    Discovering less than perfect credit may be surprising if you don't know what contributes to it. If you make credit card payments late or fail to pay them, your credit will be affected. Past delinquencies on other bills can also affect it. Even inquiries about your credit score can impact it.

    Unfortunately, adverse life events can affect your credit. If you've experienced bankruptcy, foreclosure, or car repossession, it could lead to a less than perfect score. This may result from loss of income or health issues and may be impossible to reconcile at the time.

    The credit analyst will see all these stats on your credit history. While some issues could affect your ability to get a loan, our finance team will work to find a loan that accommodates your specific needs. They'll inform you of your options and discuss them with you after you've been approved.
    Less Than Perfect Credit

      Can You Improve Your Credit Score?

      Now that you know your score, you may be wondering if it's possible to improve it. Luckily, a credit score can be improved and may even be glowing with some elbow grease. When you know what to do to improve it, you'll be well on your way to a stellar score.

      Order your credit history to review it and see where you may have taken the wrong turn. Some items may stand out, like unpaid debts.

      In the future, pay your bills on time and pay the minimum or more if possible. This will eliminate any extra fees or ensure that you do not garner higher interest rates.

      Pass on any credit card that you really don't need. Looking into getting another credit card will deduct five points from your score even if you're not approved.
      Credit Score

        Look Into Less Than Perfect Credit Car Loans

        When you’re hoping to buy a car, you may need to look into less than perfect credit car loans. At Murdock Manhattan Chevrolet, we can assist Manhattan, Junction City, and Wamego, KS, car shoppers through the financing process, no matter their credit. Set up a consultation online today.

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