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 range||New car loan||Used car loan|
|Prime: 661 to 780||5.01%||6.38%|
|Nonprime: 601 to 660||7.91%||10.91%|
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