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My first reaction would be probably not. But if the score is low because of a " young " credit history you may be able to do so on a first time buyer program through a manufactor with a co-signer and down payment. Assuming what history you have is good. Also you can try a local bank that you or a family member deals with. sometimes they are more willing to help you establish with a smaller loan amount.
Wiki User
∙ 15y ago
Wiki User
∙ 10y agoBeing approved for an auto loan depends on whether the lender finds you credit worthy. Generally speaking, the better your credit score, the better your chances for getting approved for a loan with favorable interest rates. And this can determine the type of car that you drive off the parking lot with.
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Is it possible for a person with a credit score below 450 to get a personal loan with no collateral?
It is very improbable that you will get an unsecured loan with a credit score in the 400's. Unless you show that you are trying to rectify the reason for your score to be so low and show proof that you are doing so.
How difficult will it be to get a 40000 new car loan with a credit score of 610?
It shouldn't be that hard. Generally, you can get any size loan with any score, unless your score is below 450 which is a very bad credit score. With a score of 610, you may be asked to give a substantial down payment, endure a high APR, or both. I once had a score of 615 and was asked to give 4600 down on a 11000 loan, so you may have to put a lot more down, or your APR may be quite high.
Can one receive a credit line from RBS Online with a credit score of 450?
A credit score of 450 is not good at all. It is considered very high risk and you will not be able to recieve a credit line until your score goes up.
Is unknown status on a credit report negative?
Normally a credit rataing, like for example, the CIBIL rating contains marks or points on which the credit rating of a loan applicant is determined. If the credit rating is high, then the credit rating of that person is good. If the points are low, say for exqample around 400- 450, it is risky to give a loan such a borower. Such a borrower is not credit worthy!!Thus a credit rating either relects a positive or negative score. But the credti rating also indicate "0" (Zero), whichi is an unknown status. We will not be knowing the credut history of the borrower.A "ZERO" credit score indicates that the borrower has no credit exposure so far and he has not availed any loan from any bank. That is why the credit score is shown as zero! Thus a zero credit score does not mean that the credit history of that borrower is bad!! It indicates that the borrower has not so far availed any loan from any credit institution.M.J.SUBRAMANYAM, XCHANGING, BANGALORE
To purchase a home what is more important debt or credit score?
Both. Your score is irrelevant if you have tons of debt and can't afford the mortgage payments, and your debt is irrelevant if you have a 450 FICO score.
If you have a collection on your credit report of 450 from 4 years ago would it be beneficial to pay it off or just let it ride out the 7 years and would paying it help your credit score?
A credit score of 450 is poor. You have far more poor credit than one collection. You should pay off your collection and make every effort to bring current the other accounts that are passed due. An average credit score would be in the neighborhood of 625. You have a long way to go.
What is the code to get credit on an orange phone to get more credit?
450
What is the credit limit on a capital one credit card?
The credit limit depends on many different things. 1 and most being your credit history and your credit score. Those are the two things credit issuing businesses use to issue credit. Example. 1} i have a forty with 20 years of excellent credit and a credit score of high to mid 800's this type of person can get a credit limit of 10000 or 100000 2} if i have a 40 yr old with a bad and short credit of 1 year of many delinquent account with a credit score of 450 then you would pretty much get a secured credit card because no credit issuing business would wanna to take the risk especially in today's market
What is a passing score on the SAT Subject Test in chemistry?
the passing score starts at 450
How much is a BMW payment per month?
The payment for a BMW will vary depending on the credit terms, interest rate, and duration of the loan. A payment can vary anywhere from 450 to 900 dollars a month.
How do you get the award on ice slide miniclip?
Get a score of 450 or more.
Ronald took out an interest free car loan for 10950?
450.
