Im trying to get a car and would like to know what a good credit score is (what range)
2006-12-18 13:08:08 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
usually most places consier 650-700 as being good for a loan
2006-12-18 13:11:01 · answer #1 · answered by DisneyKrayzie 4 · 0⤊ 0⤋
Highest score possible is 850 ... but that's pretty rare for most people.
Anything over 700 is considered to be very good and you'd get a loan without a problem.
If you're closer to 650 you'll have a harder time or the interest rate may be higher, but you should still be able to get a loan if your income is good and you don't have any bankruptcies or other major bad events.
If you're under 600 it's really pushing it ... you may get a loan, but the interest rate would be huge ... too high to justify buying a car ... a depreciating asset ... on credit.
If you're below 500 ... forget it ... you won't even get a loan.
350 is the bottom.
2006-12-18 13:13:55 · answer #2 · answered by Informed1 4 · 1⤊ 0⤋
620 or above is "fair", the average is 678, and to qualify for prime rates (the lowest interest fees) you need to be at 700 or better.
2006-12-18 14:48:27 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋
550 is average, 600 + is good, 700 + is great, 800 is maximum
2006-12-18 13:10:25 · answer #4 · answered by a_neilsen2005 2 · 0⤊ 0⤋
on the Equifax credit report if you have a rating of R1 your credit is great, compared to R9, it sucks.
2006-12-18 13:16:07 · answer #5 · answered by Unknown zone 2 · 0⤊ 0⤋
550 or better , no repos's or a bankruptcy in the past year.
2006-12-18 13:12:40 · answer #6 · answered by Don W 6 · 0⤊ 0⤋