You need a loan to buy a car, but with fair credit — generally a credit score between 630 and 689 — you worry you won’t qualify for a good interest rate.
Can I buy a car with 590 credit score?
In fact, any credit score below 619 can really take a toll on a person’s life – and not in a good way. In this post, we’ll share what having a credit score of 590 means for home loans, car loans and credit cards. Plus, we’ll share how to improve a 590 credit score.
Is 690 a good credit score to buy a car?
Many auto lenders use “tiers” of credit scores in order to qualify customers for car loans. So, for buying a car, it’s safe to say that a “good” credit score is above a 690. Below that level, interest rates get very high, very fast.
Photo in the article by “Wikimedia Commons” https://commons.wikimedia.org/wiki/File:Mercedes-Benz_190_SL_(36374644465).jpg
