0
,i am Mrs Deborah from California Us,i was so much in need of loan to carry out transaction so i decided to go my bank but they refused to grant me the loan because of credit check,so i posted a question on Yahoo answer on how i needed a loan,one Mr David Williams recommend one legit loan firm to me by the name direct access loan firm,i decided to give them a try to my greatest surprise my loan was granted and transfer to my bank account without cosigner,collateral,credit check and with just 5% interest rate so i will advise everyone out there that need a loan to contact them via this email,directaccessloanfirm@gmail.com
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How good does your credit need to be for a car loan?
Nothing is published on what credit score you must have to obtain a car loan. There is information about having a high score means getting a better rate on your car loan.
How important is your credit score when getting a car loan?
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.
How does a 623 credit score rank?
The numerical score ranges from 990 to 501 equaling grade ranges from A to F. 623 is in the D range. That is the Vantage Score, which is not used much in the savings and loan industry. A 623 FICO is probably equivalenet to a 700's Vantage Score, which would place you in the "C" range. I would say that 623 is an adequate score in the sense that you would qualify for an FHA loan (very important if you are seeking a house). Conventional (Non-FHA)mortgages would be more problematic--and would yield relatively high interest rates, thus increasing your monthly mortgage payment. Improvement in that score is required in order for you to qualify for decent interest rates off of many kinds of loans. 623 disqualifies you from getting the best credit cards and the most substantial credit lines. Your situation is not hopeless, however.
Can you get a car loan with a credit score of 580?
Yes, this is a fair credit score.
Can someone with a credit score of 512 get a car loan?
no
Does paying off a car loan decrease your credit score?
No you should see your score move some, paying off your balance on your car loan only decreases you debt ratio which in turn increase your score.
Can you get a car loan with a credit score of 616?
you can get approved with any credit score. they will just get you with the interest.
What credit score do I need to get a car loan?
There is no real set score to get a car loan. Many businesses will give you a loan without looking at your score. However to improve your chances you might want to make sure you understand all agreements before entering in a deal with any lender.
Can I get a loan without giving my credit score?
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.
What is the credit score you need for a car loan?
Unfortunately (for borrowers) some car dealerships will give a loan to anyone regardless of credit score. The problem you'll face is that you'll get unfavorable loan terms - specifically APR, or length of the loan. There's no specific FICO score that enables you to get a car loan, but you will pay a lot more if your credit score is bad. Before applying for a substantial loan - if you can - clean up your credit history for 6-12 months to help qualify you to get better contract terms.
Where can someone get a car loan guaranteed?
One can't get a car loan guaranteed. Nothing in life is guaranteed. There are many factors that come into play when asking for a car loan such as credit score and age.
Credit score in relation to financing a car?
You can finance a car by either contacting a bank and getting a loan through them or by getting a loan directly through the car dealer that you will be purchasing the car from. The benefits of a good credit score include better interest rates, lower payments and make it easier for you to obtain a loan.
