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What does a credit score of 640 with no current credit open mean to you to get a car loan?
Wiki User
∙ 13y ago
That's not bad. you are right around the cut off for decent loans with fair interest. As far as getting the loan, don't worry. if you have the income, anyone can, you just pay more with lousy credit.
Wiki User
∙ 13y ago
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What does a fico credit score of 826 mean?
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
What does a 672 credit score mean?
According to: http://www.bad-credit-advisor.com/fico-credit-score.html, a score of 672 is ok. You won't be denied, but the terms of your loan are not going to be too generous.
What does it mean to have credit?
If you have a credit that is not bad but you have to pay those credit within the particular time. When you apply for a loan for any purpose, the lender will look at your credit score to measure what kind of interest will chargeable for you. So credit score is important.
What does a free credit score mean?
A credit score is the number you get for using credit. You can get credit by using credit cards or having loans. A free credit score is being able to check what your credit score is without needing to pay for it.
Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
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.
Will you get a two thousand dollar loan with credit of 649?
It depends on where you get your loan, how much collateral, and why your score is 649. Don't be fooled by credit scores. They don't mean what they say they do. I have a credit score of zero and my credit is excellent.
Will your credit score go up with a co signer?
Basically no not right away ... but if you pay the loan on time every month THAT will help your credit score. Now if you mean will it help you get the loan .. then YES .. the loan company will use your co-signers credit score to help them decide if you can be given the loan
What does a fico credit score of 826 mean?
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
What is some basic info on finance banks?
A credit score is the credit bureaus overall evaluation of your credit history. The higher the score, the more likely you are to be eligable for loans and credit cards. A poor credit rating could mean that you are at risk of defaulting on a loan, which could lead to high interest rates and/or the refusal of a loan. A finance bank can assist you obtaining your score and seeing if you qualify for a loan.
What does a 672 credit score mean?
According to: http://www.bad-credit-advisor.com/fico-credit-score.html, a score of 672 is ok. You won't be denied, but the terms of your loan are not going to be too generous.
What does it mean to have credit?
If you have a credit that is not bad but you have to pay those credit within the particular time. When you apply for a loan for any purpose, the lender will look at your credit score to measure what kind of interest will chargeable for you. So credit score is important.
What does a free credit score mean?
A credit score is the number you get for using credit. You can get credit by using credit cards or having loans. A free credit score is being able to check what your credit score is without needing to pay for it.
my credit score is 560,574 & 570 can I qualify for a home loan?
With a low credit score it doesn't automatically mean you can't get a loan, several other factors are in play such as any judgements, the amount you have for a down payment and your work history. Try Lendingtree.com and it will give you a good idea of what you may be qualified for.
Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
Is unknown status on a credit report negative?
Normally a credit rataing, like for example, the CIBIL rating contains marks or points on which the credit rating of a loan applicant is determined. If the credit rating is high, then the credit rating of that person is good. If the points are low, say for exqample around 400- 450, it is risky to give a loan such a borower. Such a borrower is not credit worthy!!Thus a credit rating either relects a positive or negative score. But the credti rating also indicate "0" (Zero), whichi is an unknown status. We will not be knowing the credut history of the borrower.A "ZERO" credit score indicates that the borrower has no credit exposure so far and he has not availed any loan from any bank. That is why the credit score is shown as zero! Thus a zero credit score does not mean that the credit history of that borrower is bad!! It indicates that the borrower has not so far availed any loan from any credit institution.M.J.SUBRAMANYAM, XCHANGING, BANGALORE
What does a credit score of 9003 mean?
Score not available due to lack of credit history.
