Knowing your credit score and the information that factors into that score will give you a good idea of your chances of getting a car loan and the price you should pay for the financing. Many buyers never look past their monthly car payment, but if you look more deeply into your financing by understanding credit scores, you can save a.
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At NerdWallet, we strive to help you. Southeast scores low on credit. Residents in the Southeast struggled the most with credit, recording four of the five worst credit score averages by state..
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Personal loans for individuals with a 658 credit score will tend to range from fifteen to seventeen percent, often falling between sixteen and seventeen percent. This is a rather average range of credit scores, and as a result, you won’t see amazing rates and terms.
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If you have a credit score or CIBIL score of 658, it will be considered as a fair score. Generally, financial institutions consider 750+ score as a good CIBIL score and offer a loan approval to those applicants only. But, 658 is not a bad score. Because some banks and NBFCs may give loan approval at this score.
That’s part of the catch. Believe it or not, I hear people all the time say things like, “I took out a loan, and paid off all my debt!” No, you didn’t. All you did was move your debt around. It’s.
RE :Is a credit score of 658 good enough to get a car loan? I have never had a car loan before and am hoping to get one soon. I have credit cards, but never been behind and pay atleast the min. due each month. Am hoping to get about k loan? update: this morning I paid off 2 credit cards and usual pay more than the minumum.
is a credit score of 658 good enough to get a car loan. – Try a credit union first for best rates and a possibility of a manually processed loan that will take more account of recent change in income, etc. versus just looking at score and debt levels.