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Yes, you can potentially get a car loan from Navy Federal Credit Union with a 542 credit score, but your options may be limited. Lenders typically prefer higher credit scores for better rates and terms, so you may face higher interest rates or a requirement for a larger down payment. It's advisable to check with Navy Federal directly to understand their specific requirements and explore any available programs for members with lower credit scores.

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1w ago

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Related Questions

Can a student with a credit score of about 560 get a studen loan for grad school?

If you are trying to get a federal loan, you will not have a problem. If the loan is private, you may have trouble finding a lender.


Is it possibleto get an auto loan with a 547 credit score?

It is unlikely that a bank would give a person a loan who has a credit score of 547. A good credit score for a loan would be between 700-800.


Can you get a car loan with a credit score of 580?

Yes, this is a fair credit score.


Does your credit score affect your auto loan rate?

Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.


How important is your credit score when getting a car loan?

When one is trying to get a car loan, the importance of the credit score is mostly important when calculating the interest of the loan. A better credit score means a lower interest rate.


Can I get a loan without giving my credit score?

No, you can't get a loan without the bank checking your credit score. But just because you have a low credit score, this doesn't necessarily mean you can't get a car loan. You may just get a loan with a higher interest rate.


Can you get a loan with 683 credit score?

Of course. That's about the average American credit score.


Can you get a home depot project loan with a credit score of 620?

It is possible to get a Home Depot project loan with a credit score of 620. Home Depot will pull a credit report to determine eligibility of a credit loan.


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.


Where is it possible to find a credit score calculator?

One can find a credit score calculator and estimate his/her credit score on Calxml. The result depends on one's mortgage, auto loan, student loan, credit card, etc.


What should my credit score be to get a home loan?

The higher the credit score you have, the better chance of being approved for a home loan. You may still get a home loan on a lower score, but the payments and interest will be higher.


How does a persons credit score affect mortgage credit rates?

Actually the better the credit score the better are the offers for a mortgage credit loan. In general the interests offered for a new loan depend (besides others) directly on the credit score.