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What kind of credit is required for a ten thousand dollar loan?
Wiki User
∙ 15y ago
Depends, The question becomes how much in terms of interest rate are you willing to spend?, also what are you willing to pledge as security? A loan of 10k from a consumer finance company could run you 25% or higher and a loan of like ammount through a bank could be at 10 to 12%. At any rate your credit scores for a finance company will need to be at least 580 and bank 680. Other factors can apply such as term etc. Also check out your credit union (if you belong)
Wiki User
∙ 15y ago
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