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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.

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11y ago

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Related Questions

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.


What is the credit score you need to get a auto loan?

the acurate auto loan you need is at least 750


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.


How might one qualify for an auto loan with bad credit?

One might qualify for an auto loan with bad credit by applying for dealer financing. It is best for one to know their credit score before applying for an auto loan.


What do I need to improve my credit score for an auto loan?

To improve you credit score for an auto loan, you need to pay off your bills on time. You should pay off your debt. You should not take out additional credit and you should check your credit report.


Will credit score improve when an auto loan is paid in full?

Most likely


How much would a auto loan be with a credit score of 658?

it will be $1 please


Does paying off an auto loan early have a negative impact on my credit score?

Paying off an auto loan early typically does not have a negative impact on your credit score. In fact, it can have a positive effect by showing that you are responsible with your debts.


If someone has bad credit can they get an auto loan?

You be able to get an auto loan if you have bad credit depending on the loan provider. Some loan agencies claim to fame is not checking your credit score. You may have to search many places and find a good loaner.


Does paying off an auto loan early have a negative impact on credit score?

Paying off an auto loan early typically does not have a negative impact on your credit score. In fact, it can sometimes have a positive effect by showing that you are responsible with your debts.


Does closing an auto loan negatively impact my credit score?

Closing an auto loan can potentially have a negative impact on your credit score because it may reduce the diversity of your credit accounts and the length of your credit history. However, the impact may vary depending on your overall credit profile and payment history.


Will paying off an auto loan improve my credit score?

Yes, paying off an auto loan can potentially improve your credit score because it shows that you are responsible with managing debt and making timely payments. This can positively impact your credit history and overall creditworthiness.