If i have 500 credit score what are my chances to get a car loan?
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It won't be easy & you'll have a higher interest rate.
If i have 500 credit score what are my chances to get a car loan?u might approved for a hgh interest rate but chances are no, anything above 600 is considered good credit, y our score would b rated as poor, sorry, why not try saving and buy a used car?
If i have 500 credit score what are my chances to get a car loan?There are some dealers who will give you credit and a car knowing that you will probably miss a payment. Then they will just take your car and keep any money or trade in they got. I was informed of this by a car salesman and believe it is true.
If i have 500 credit score what are my chances to get a car loan?You'll get soaked on the interest rate. Do you belong to a credit union? if so you might find a better interest rate deal.
If i have 500 credit score what are my chances to get a car loan?with a BIG down payment unless you want a POS!
If i have 500 credit score what are my chances to get a car loan?You can always get credit.You will have a higher interest rate.In some cases you may have a larger downpayment.If you have a car sell it yourself.You'll save more money that way.BTW,buying a car and making payments is an excellent way to improve your credit.Make sure all of your payments are on time or early.If you can,try paying off the loan a few payments early.Never transfer payments to another car.You'll just be paying high interest on high interest from the first loan.If you do these things you'll have better credit in a couple of years.Credit is a tool.We all need it.Never abuse it.Also,the average credit score in the US is about 675.Even though you are lower,your ability to re-pay a car loan will greatly add to your ability to repay loans,which is what banks look for.If you have credit cards,never keep a balance higher than 50% of your credit limit.This will lower your score.Good Luck
If i have 500 credit score what are my chances to get a car loan?very hard
If i have 500 credit score what are my chances to get a car loan?you still can get a car loan just that the interest will be higher since you don't have a good credit score...
If i have 500 credit score what are my chances to get a car loan?If you have a job, very likely, they'll attach themselves to anything with a pulse...the terms will be less than favorable though.
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