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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.
What else can I help you with?
Does in-house financing impact your credit score?
Yes, in-house financing can impact your credit score. When you use in-house financing to make a purchase, the lender may report your payment history to the credit bureaus, which can affect your credit score positively or negatively depending on how you manage the payments.
What credit score is required for a bank of america mortgage loan?
I found on several websites where there were FAQ, they would say there is no minimum credit score required. It all depends on the loan manager as to if you qualify.
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 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: http://www.bills.com/loans/.
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.
Which is the best credit score required before getting financing for his or her house.?
This is dependent on the individual. You can find out a lot of information about your credit score in relation to home buying on about.com. Here's the website: http://homebuying.about.com/cs/yourcreditrating/a/credit_score.htm
What is the minimum average score required to pass the exam?
The minimum average score required to pass the exam is 70.
What is the minimum TOEFL score required for admission to this university?
The minimum TOEFL score required for admission to this university is 80.
what is the minimum credit score for an FHA home mortgage?
If you have some credit then you will typically need a minimum middle credit score of 580 to qualify for a FHA loan.
What is the minimum credit score that a person can have?
The minimum credit score a person can have is typically around 300, but this can vary depending on the credit scoring model being used.
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.
What is the required credit score for a FHA loan?
660 and above credit score is required for FHA loans.
