Can you get a loan with a credit score of 640?

Answer 1

This depends on where you are going to get the loan. If loaner agrees the risk is safe then the loaner will give you the loan but of course it will be at a higher interest rate then if your credit score was 815.

A low FICO is often a strong hint that you are not credit worthy. If you are trying for a loan that you will spend on wants, try to cut expenses and start paying everything on time. Your FICO will rise within a couple of years and you will not have put yourself behind the eightball. Then, go for that well-considered loan. Always, have a down payment. Cars lose value going off the lot; always pay it down to that value. Houses, same thing. A 20% down will keep you from being underwater later.