Question: Can I Get A Car With A 640 Credit Score?

Your 640 credit score will lead to some uncertainty in your pursuit of new credit, which could include a credit card, home, auto or business loan.

If you are shopping for a home or a new or used car loan, a 640 credit score should allow you to find more than one finance source willing to work with you.

Can I get 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 much can I get approved for with a 640 credit score?

In summary, a 640 credit score is generally considered to fall in the Fair range, which is 550 to 669.

Is a credit score of 640 good?

How good is a 640 credit score? According to FICO, the average credit score in April 2016 was 699, so a FICO score of 640 is below average. Generally, “fair” credit scores range from 620 to 679. Applicants with a score below 620 are considered high-risk, and will have trouble qualifying for a home loan.

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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