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740 or better beacon score however dealer can set higher standards on this if it is a higher priced vehicle.

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โˆ™ 2015-07-15 19:09:16
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Q: Is 0 percent financing based on your credit score and if so how high does the score need to be?
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Related questions

What factors would make your credit score change?

Your payment history makes up 35 percent of your 3 digit fico score. Your debt to income ratio makes up 30 percent of your fico score. 15 percent is based on length of credit history. 10 percent is based on new credit and the other 10 percent is based on the types of credit used.

Where can I get Credit Score Advice before I apply for house financing?

There are several companies where you can credit score advice before applying for financing when looking into housing. One website that provides credit score advice is:

Does your credit score affect the interest rate when you apply for home financing?

Your credit score can possibly affect your interest rate when you apply for home financing. If you have a low credit score, you are considered a higher risk to the bank, and therefore, they may raise your interest rate.

Is credit score 606 good?

A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.

Where can you find the best rates for home financing?

There are many websites out there that calculate the best rates for home financing based on where you live, your credit score, and how much you are financing. LendingTree is one of the most popular ways to find this information.

Is an 808 credit score high?

An 808 credit score is very good, any score in the 800 range will qualify you for most financing. According to credit experts, you do not want to let your score fall below the 700 range.

What is max credit score?

The maximum credit score based on FICO is 850.

I am interested in financing a tow truck but have a few dings on my credit report. Does anyone have any suggestions on how to get tow truck financing with a not so perfect credit score?

There are many trucking companies that will allow tow truck financing, even without a perfect credit score. You should check your local newspaper in the advertisement section.

Does financing catering businesses affect credit scores?

Yes, any form of financing can effect your credit score because it is considered as having debt. Here is a useful link to give you more information for any other questions you may have:

Is a credit report the same as a credit score?

A credit report tracks your credit reliability based on your history of making payments on your loans and other debts. A credit score is a numeric value based on a weighted formula and your credit history. To find out more on both your credit report and credit score go to

What minimum credit score is required to get financing for a good used car?

Generally used car financing requires a credit score of 680 or higher to be sure to be approved and get reasonable rates. If you are obtaining financing directly from the seller/dealership and put down at least 25%, someone with a credit score of 650 should find success. If you don't, however, have the income to support the payments, you WILL be turned down.

Is credit score important to know when financing a vehicle?

Yes credit score is really important to know when you are trying to finance a vehicle and you can always get credit scores from a number of places like

What bank offers auto financing for the lowest credit?

All banks offer different loan financing to customers based on their credit score. There is no one bank that consistently provides better interest rates on an auto loan. To go further, it is more likely that a person with average or bad credit is likely to get financed from a credit union before an actual bank.

Which company offers the best car financing for used cars?

If you are looking to purchase a used car you will be able to find great financing as long as you have good credit. The best places to look are local credit unions and local banks that have a branch in your area. If that does not work for you then see if the place you are buying from has in house financing. The financing you get will depend largely on your credit score.

Does your credit score drop at a certain age?

credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.

Does your low credit score affect your new husbands credit?

No, your low credit score should not affect your husband's credit score, unless the lender/bank uses both your information for the loan. Credit score is based on each individual's information.

What is the max loan amount for a credit score of 620?

The max loan to value amount based on your credit score would be 100% financing. As far as loan amount that would be based off your income and monthly obligations, credit score dictates how much of a percentage you may borrow and your interest rate, it doesn't dictate how much money you can borrow. There are also alternative means of documentation and mortgage programs if you do need to qualify for more money.

This Determines Everything?

Your credit history really does determine everything when it comes to what kind of financing you are going to be able to get for yourself in the future. This is the case because it is all that anyone has to look at when they are trying to judge how worthy you are of their financing. Assuming that you understand this, you are going to want to make sure that you are working to keep your credit score as high as possible. The higher your credit score, the better this is for you down the road. Do not neglect to find out about the credit score now.

How to find financing for another home after chapter 7?

This depends on how long after. Generally the minimum is 2 years, but you must have established new credit and have an excellent credit history after the discharge. You must have a decent credit score (definition of decent score depends on the lender, but over 650 would be an example) in order to obtain financing.

Where can a person with bad credit obtain financing for a car?

Usually the dealership can help you obtain financing. It depends on the price of the car, your credit score, how much money you make, how many years you were at your current job, etc.

Does credit score improve if you purchase a new car by financing instead of paying it all with cash?

Yes...If you get a car loan and make your payments on time this will help your credit score. If you pay in cash, nothing will be reported to the credit agencies.

If you have a median score of 691 and a first time home buyer can you get a loan?

as far as your credit score goes, than answer is a resounding YES, that is a great credit score. Of course there are other factors such as your income, your work history, what kind of credit you currently have, what type of financing are you looking for, etc.

What is the average expected credit score to receive a mortgage 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.

How bad is a credit score of 566?

Pretty bad!! Anything below a 680 is pretty bad. You will find it quite hard to get financing with a score that low.

Can you get a mortgage to purchace a 395000 condo if you put 30 percent down but have a 577 credit score?

can i get a loan to purchace a 395,000 home if i put 30 percent down but have 577 credit score