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 approved for a car loan with a 620 credit score?
1. A Minimum Credit Score for a Car Loan Doesn’t Exist. Minimum acceptable credit scores will often depend on the lender, but dealerships typically hover around the 620 mark. However, many lenders are willing to work with people with lower-than-average credit scores.
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