Quick Answer: Can I Buy A Car With A Credit Score Of 630?

Can I buy a car with a 630 credit score?

Generally, a credit history of 730 to 740 and above is considered excellent credit.

Since you are on the average side with a 630 credit score, it is enough to secure you a 630 credit score car loan.

Your credit history will affect the interest rate you qualify on your car loan.

How bad is a credit score of 630?

630 Credit Score: Is it Good or Bad? Your score falls within the range of scores, from 580 to 669, considered Fair. A 630 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

Can I buy a house with a 630 credit score?

If your credit score is a 630 or higher, and you meet other loan requirements, you should not have any problem getting a mortgage. As far as types of loans and programs, there are conventional, FHA, VA, and USDA loans that are available to borrowers with credit in the 630 or higher range.

What is a decent credit score to buy a car?

If you’re a super prime borrower with a credit score of 781 or higher, you can expect to get the lowest rates.

Average car loan rates by credit score.

Credit score rangeNew car loanUsed car loan
Prime: 661 to 7805.01%6.38%
Nonprime: 601 to 6607.91%10.91%

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