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Experian provides an overview of credit scores among auto loan borrowers using a review of anonymized and aggregated ... it means having a very good credit score, at a minimum. In FICO Score terms ...
For example, say you need to finance a car. With a 590 credit score, you might get stuck with a higher interest rate than someone with a credit score of 640, leading to higher monthly payments for ...
Most lenders reserve their premium 0-3% APR auto loan offers for those with scores over 720. ... Most mortgage lenders require a minimum credit score 620 to qualify for a conventional home loan ...
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Under the Wall Street reform bill passed on 22 July 2010, a consumer is entitled to receive a free credit score if they are denied a loan or insurance due to their credit score. [38] In the United States, the median generic FICO score was 723 in 2006 [39] and 711 in 2011. [40]
There's no minimum credit score that will guarantee approval when refinancing your auto loan. Some lenders have more strict requirements than others, and some specialize in working with people who ...
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