That depends on the merchant, that your applying for the loan at. It's the merchant that makes the decision on approving/declining a loan. 597 score is probably consider high risk to the merchant because you probably have high balances and some slow payments on your credit bureau file. It's a 50/50 decision for the merchant but probably more closer to the decline side because if they approve the loan, your score will drop more because of having more debt.
Depends on which lender you use to qualify & type of loan- but around 640 generally.
It is unlikely that a bank would give a person a loan who has a credit score of 547. A good credit score for a loan would be between 700-800.
Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.
Of course. That's about the average American credit score.
It is possible to get a Home Depot project loan with a credit score of 620. Home Depot will pull a credit report to determine eligibility of a credit loan.
It depends on where you get your loan, how much collateral, and why your score is 649. Don't be fooled by credit scores. They don't mean what they say they do. I have a credit score of zero and my credit is excellent.
Sounds obtainable.
Depends on which lender you use to qualify & type of loan- but around 640 generally.
It is unlikely that a bank would give a person a loan who has a credit score of 547. A good credit score for a loan would be between 700-800.
Yes, this is a fair credit score.
Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.
When one is trying to get a car loan, the importance of the credit score is mostly important when calculating the interest of the loan. A better credit score means a lower interest rate.
No, you can't get a loan without the bank checking your credit score. But just because you have a low credit score, this doesn't necessarily mean you can't get a car loan. You may just get a loan with a higher interest rate.
Of course. That's about the average American credit score.
It is possible to get a Home Depot project loan with a credit score of 620. Home Depot will pull a credit report to determine eligibility of a credit loan.
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
One can find a credit score calculator and estimate his/her credit score on Calxml. The result depends on one's mortgage, auto loan, student loan, credit card, etc.