What is the minimum credit score for getting a car loan?
It depends entirely on where you try to buy the car. You can get a car at a buy here/pay here kind of place with almost no credit. However, the finance charges and penalties for late paymetns are very stiff. You can get a car from a major dealer with a credit score of around 700.
It's difficult but not impossible to get a loan with a low credit score. You may still get a loan at a higher rate of interest as the financial institution may find your profile risky due to past defaults. However, before applying for a loan always check your current credit score as it's the first step to check if your loan will get approved or not. The minimum required credit score is 750. If you…
You need at least a credit score of 660 to qualify for a home loan For a FHA refinance or purchase the minimum credit score is 620. There are some lenders that will go down to a 580 credit but it just depends on some other factors such as debt to income, loan to value, etc. Veronica Rodrigues Voyage Home Loans
Credit scores are progressively becoming a significant decision-making factor in effectively getting a business loan. Most lenders consider the way someone handles his personal credit as a good indicator of how the business credit can be handled. Before applying for a business loan you must get a copy of your personal credit report in conjunction with your credit score.
if you obtain a credit card with a high limit it will not affect your credit as long as the card is in good standings .. however if the card is maxed out it could affect your credit score wich will intern stop you from getting a loan. although it may not stop you from getting your loan but it will affect your interst rates
A low credit score, by itself, will not prevent you from getting a home loan. The main things the lender looks at is your ability to pay back the loan. The credit score is just one of many tools they use. You will probably have to agree to a higher interest rate, or pay a larger downpayment. You will more likely be required to include PMI along with your payments. If you have a good…