2006-07-18 08:18:42 · 11 answers · asked by jenniferbrr 2 in Business & Finance ➔ Credit
it's only a bit below average and with a co signer you shouldn't have any problem
2006-07-18 19:25:37 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Actually you have a few options. But the main one you have to consider is how much you want to pay in interest. With your credit score you're interest rate is going to be outrageous no matter what. Cosigners do not help you get a loan in ANY way... all they will help to do is slightly reduce your interest rate if... and only if they have better credit than you do. If you are unable to get a loan without a cosigner then most likely you won't be able to get one with a cosigner. There are several financial institutions out there however who specialize in financing people with poor credit scores. You should see what options your bank has... perhaps they will be able to work with you on this.
2006-07-18 08:25:43 · answer #2 · answered by TheLizard 3 · 0⤊ 0⤋
624 is good enough to get a $15000 loan on your own, providing you have some good "green" history going back about 2 years. With a cosigner, you should consider that the cosigner should have equal or greater income, credit score and credit history to qualify. It also depends on your loan.
2006-07-18 08:23:39 · answer #3 · answered by Rothwyn 4 · 0⤊ 0⤋
I've worked in auto loans for several years and if your high credit is reasonable you should have no problem getting an auto loan without a cosigner for 12-15k. If your only credit is a 1200 sofa from a furniture store, then that's probably not good.
2006-07-18 09:00:05 · answer #4 · answered by Ricky P 2 · 0⤊ 0⤋
It is decent however not strong. You could probably get a mortgage if you had 5% to put down. What type of loan are you applying for? Car loan, credit card, etc. Some are riskier than others. If your cosigner has strong credit though, you should be fine.
2006-07-18 09:26:55 · answer #5 · answered by Mike Hunt 5 · 0⤊ 0⤋
Yes because the cosigner is what the loan place will look at ,mostly
2006-07-18 08:22:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
A 624 is fair. You might need collateral (such as a car title, house title) or have a good relationship with a bank.
2006-07-18 14:08:24 · answer #7 · answered by slipknot 5 · 0⤊ 0⤋
It's not that good. A co-signer would help you get a better interest rate
2006-07-18 08:22:15 · answer #8 · answered by Melissa 7 · 0⤊ 0⤋
Pretty good arguments here.
2016-08-23 02:10:32 · answer #9 · answered by Anonymous · 0⤊ 0⤋
if you get your lender from here i think you shouldn't need a cosigner
http://www.wesayes.com
2006-07-18 08:26:57 · answer #10 · answered by tuesdaysgreat 1 · 0⤊ 0⤋