2006-09-05 15:14:37 · 13 answers · asked by Ray 1 in Business & Finance ➔ Credit
When my score was in this range, I worked on getting my score higher before I applied for an auto loan and mortgage. This score would pay about 2% higher on a mortgage and around 6% on an Auto loan compared to a 700.
If you could wait 2 or 3 months, challenge negatives and inquires on your credit report. Sometimes valid negatives and inquires will be removed and your score will increase.
2006-09-07 17:50:18 · answer #1 · answered by Master T 1 · 0⤊ 0⤋
No. You need to get above 700 for the better rates,and even higher for a great rate. At 615 your gonna get screwed. The good news is that there are a few easy fast ways to boost your score. Don't use more than 15% of your credit card limit is a good way to begin ,good luck.
2006-09-05 15:25:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I was on the same situation and this site helped me HTTP://HELP.MYLOANSRATES.NET
RE Witha credit score of 605 to 615 can you get a good interest rate?
#EANF#
2014-09-13 17:53:16 · answer #3 · answered by Trumann 1 · 0⤊ 4⤋
"Good" is a relative term. If you consider under 10% on a mortgage good, then yes. If 6.5% is your "good mortgage rate" limit, then no.
Under 600 and you get the loan shark rates. Double-digit mortgage rates, 30% on credit cards (if your state allows that), 350%+ on payday loans (if your state allows it). Low 600's, you can do a bit better -- reasonable mortgage rates, new car for around 12%, credit cards around 15%.
High 600's will get you quite a bit better than that. Over 700 will get you the rates you see in the ads.
2006-09-05 15:50:37 · answer #4 · answered by Gitchy gitchy ya ya da da 3 · 0⤊ 0⤋
waterman tells it right, it is not horrible or great. If you are looking at a fixed mortgage or a long term loan you may want to seek financial advising. it could take 2 years to pull it up to a 680 then you will be on your way to a good APR.
good luck
BTW 830 credit score is very unlikly douglas
2006-09-05 15:53:41 · answer #5 · answered by Todd C 1 · 0⤊ 0⤋
well the base is 450 and most people start at what 600 or 650 so not really a good place to be 700 would get you a better rate i think
2006-09-05 15:16:14 · answer #6 · answered by gsschulte 6 · 0⤊ 0⤋
Pay your payment on time it will get better.Mine the last i checked was 830 takes time hard work and paying bills on time.And for answer to your question no you can get a lone but your interest want be very good and will have to get the loan.when you get above 750 to 800 it is cheaper just keep up the hard work is will get there.
2006-09-05 15:25:00 · answer #7 · answered by Douglas R 4 · 1⤊ 0⤋
No -- this is considered in the sub-par lending category -- so you will most likely NOT get a good interest rate on any credit offering.
2006-09-05 15:20:01 · answer #8 · answered by sglmom 7 · 0⤊ 0⤋
You wont get great but in Texas you would probably get 7.75% to 8.5% on a 30 year home loan I do Loans for Mortgages if your interested in more info contact me and we can get some more info.
2006-09-05 15:28:48 · answer #9 · answered by Waterworking 2 · 0⤊ 0⤋
decent
score above 700 is better
score above 800 is great
2006-09-05 15:19:58 · answer #10 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋