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If you have a credit score of 550 would you be guaranteed car finance?
Wiki User
∙ 12y ago
With a credit score of 550 it would be almost impossible to get a car loan unless you went to a company that states: 'Good credit, bad credit, with $39 down................'. The downside to places like this is you will have a very high payment and interest rate, but after a year you can show good payment history and refinance.
Wiki User
∙ 12y ago
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What is credit standing in finance?
Your credit standing is is determined by the information on your credit report which is then calculated into a credit score (300-850). Basically, it shows the likelihood of you repaying a loan and how much of a credit risk it would be to loan you money.
733 credit score what does that mean?
That is considered to be a slightly above average credit score. That means you shouldn't have any trouble getting the bank to finance something that would not cause you to exceed 40% of your debt to income ratio.
Are there any banks in Michigan that would finance a VA loan with a 615 credit score?
The VA guidelines are not dependent on the state. The mandated score is either 620 or 640. What would be most beneficial is to find out how to raise this credit score (a competent lender will be able to tell you) so the buyer can qualify at the mandatory credit score. Also, if there is any possibility for variation, the internet based lenders would be able to establish this.
How does 753 fico score rank?
would a credit score of 753 be considered a good credit score?
Is a credit score of 9002 bad?
9002 is not a valid score. A credit score would be a three digit number.
What bank would fiance a loan with a bad credit score?
There are not very many banks that would help you finance a loan with a bad credit score. You should visit www.fastupfront.com/bad_credit_business_loans.html for more help acquiring a bank that would take a bad credit score.
How can you make sure that you qualify for guaranteed car finance?
The first thing to do is to get a copy of your credit report. If your score is below 550, you may need to apply for a bad credit loan which would have you paying very high interest. In this case, clean up your credit first. Get rid of credit cards that you don't use or ones that have low balances.
What is credit standing in finance?
Your credit standing is is determined by the information on your credit report which is then calculated into a credit score (300-850). Basically, it shows the likelihood of you repaying a loan and how much of a credit risk it would be to loan you money.
733 credit score what does that mean?
That is considered to be a slightly above average credit score. That means you shouldn't have any trouble getting the bank to finance something that would not cause you to exceed 40% of your debt to income ratio.
Are there any banks in Michigan that would finance a VA loan with a 615 credit score?
The VA guidelines are not dependent on the state. The mandated score is either 620 or 640. What would be most beneficial is to find out how to raise this credit score (a competent lender will be able to tell you) so the buyer can qualify at the mandatory credit score. Also, if there is any possibility for variation, the internet based lenders would be able to establish this.
How does 753 fico score rank?
would a credit score of 753 be considered a good credit score?
Is a credit score of 9002 bad?
9002 is not a valid score. A credit score would be a three digit number.
Are there any online programs that will finance a car to someone with a low credit score?
I am sure that there are programs out there to help someone with low credit, but first i would check out your local bank and see what they offer then look on line
Is it possibleto get an auto loan with a 547 credit score?
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.
Does paying off your mortgage early affect your credit score?
Yes, it would help your credit score.
How can you get a zero as your credit score?
Typically, if you see a "zero" or nothing as a credit score it is due to the consumer having no credit or not having any positive credit that would contribute to the scoring system. A consumer can have nothing but negative credit on their report and this would not generate a score. A score is normally generated when the consumer has had a loan and/or credit card history.
What is the best way to finance car loans?
The best way to finance car loans is to find a bank willing to work with your credit. The lower your credit score, the more you'll have to pay in interest versus someone who has almost perfect credit. Sometimes you may want to have a co-signer which would bring your interest rate down significantly.
