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I the world of credit, your credit rating is represented by a score. Eight hundred is the highest score or rating available. Many different things contribute to ones score, and I do not fully understand them myself. A score of five hundred fifty is, I believe slightly below average. Which translates to higher down payments and higher intrest rates on any financed purchase or money loan.
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∙ 17y ago
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If you have a credit score of 550 would you be guaranteed car finance?
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.
Is a credit score of 580 a fair score?
Poor would probably be a better adjective to describe 580. Fair Isaac describes anything as below 550 to be "awful".
Can you get a car loan with a score of 550?
Some of your larger dealerships you can, but in todays credit market, you better have 20% down and a co-signer
Would a co signer with excellent credit help your not so excellant credit on a FHA loan?
It depends also on the amount of income added. If there are 2 borrowers on the loan, and they have 6 scores. Borrower A 600, 550, 500. The lender will use the middle score 550 Borrower B 700, 750, 800. The lender will use the middle score 750 When there are two borrowers, they will use the LOWER of the 2 middle scores. In this case it will be 550.
Is a credit score of 578 good?
That score is in the "sub-prime" category. Although it is still considered a poor score, you may still be able to qualify for a home loan at a higher interest rate, an auto loan and possibly some credit cards depending on your income. Anything between 550-600 is considered sub-prime. Getting into the 600's would lower your interest rates. Here's some more info http://www.lendingtips.com/credit/fixingbadcredit/credit_score.html
If you have a credit score of 550 would you be guaranteed car finance?
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.
Is a credit score of 580 a fair score?
Poor would probably be a better adjective to describe 580. Fair Isaac describes anything as below 550 to be "awful".
Is 620 a bad score?
Credit scores are on a scale from around 300 - 850, with 850 being the highest credit score possible. To give you a feel for the extremes, while the national average credit score is 680, only 13% of the nation's population has scores above 800. At the other extreme, roughly 15% of the population has a credit score lower than 550. In general, a good credit score is anything above 700 (From money-zine.com)
Can you get a car loan with a score of 550?
Some of your larger dealerships you can, but in todays credit market, you better have 20% down and a co-signer
Would a co signer with excellent credit help your not so excellant credit on a FHA loan?
It depends also on the amount of income added. If there are 2 borrowers on the loan, and they have 6 scores. Borrower A 600, 550, 500. The lender will use the middle score 550 Borrower B 700, 750, 800. The lender will use the middle score 750 When there are two borrowers, they will use the LOWER of the 2 middle scores. In this case it will be 550.
Is a credit score of 569 good?
A score of 569, according to Credit.org, is subprime. It's not poor, but it's also not generally acceptable either. An acceptable credit score starts at 620, whereas a poor one is less than 550. At 569 you can probably find credit or get a loan, although the terms won't be great and you'll end up paying much more in interest than if you had a higher score.
Whats the annual salary of a cosmitoligist?
550 dollars a week
Whats half of 1 100?
One half of 1 100 is 550 because 1 100 divided by two is 550.
What is the best possible score for tesol certification?
The highest score for the TESOL certification varies depending on the organization offering the certification. However, in most cases, a perfect score is typically 100%.
Is a credit score of 578 good?
That score is in the "sub-prime" category. Although it is still considered a poor score, you may still be able to qualify for a home loan at a higher interest rate, an auto loan and possibly some credit cards depending on your income. Anything between 550-600 is considered sub-prime. Getting into the 600's would lower your interest rates. Here's some more info http://www.lendingtips.com/credit/fixingbadcredit/credit_score.html
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 are good fico credit scores?
over 550 to 600 is acceptable but 700+ is good; 800 is very goodThe following table shows what is "generally accepted" as the Credit Score ratings.350 - 619 Poor620 - 659 Fair660 - 749 Good750 - 850 Excellent
