Adjust Payment Terms ×

We want to help you find the perfect car that fits your budget. Please adjust the options below so we can estimate the most accurate monthly payments.

Estimated Credit Score or Interest Rate

Desired Loan Term (months)

How much will you put down?

All tax, title and vehicle registration fees are additional. See dealer for complete details.
Drive Away in 30 Minutes!
Lee's Summit, MO: (816) 524-4000
Olathe, KS: (913) 397-9300
Liberty, MO: (816) 246-3311

¡Se Habla Español!

What’s the Difference – No Credit Versus Bad Credit?

By instantautocredit | Posted in Uncategorized on Tuesday, November 14th, 2017 at 8:47 pm

Did you know that according to TransUnion 43% of millennials (born 1982-2004) have bad credit? That’s a staggering figure, considering that in the U.S. there are 75 million of you out there. But what really defines bad credit and what’s the difference between bad credit and no credit?

Individuals with bad credit generally have a credit score below 620. When you have bad credit borrowing money is costly and it can be difficult to get loans. The good news is that bad credit is not permanent. You can rebuild your credit score over time by making timely payments and not defaulting on the loans you do have.

People with no credit have not established a credit base and are simply building their credit. That generally means you are young and just entering the job force, buying things for the first time, and borrowing money for the first time.

At Instant Auto it doesn’t matter if you have bad credit, no credit, or any other type of credit. Instant Auto does not check your credit. All you need is proof of a job, insurance, and a home address and you can drive away in a car, truck, or SUV in as little as 30 minutes! It’s that simple. Check out our inventory here or get pre-approved by filling out an online application.

Leave a Reply