11 oct. 2022 · While there are no hard minimum credit scores for car loans, your scores matter. Learn how bad credit can affect your approval odds and loan ...
Is 654 a ok credit score?
A FICO® Score of 654 places you within a population of consumers whose credit may be seen as Fair. Your 654 FICO® Score is lower than the average U.S. credit score. Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future.
What can I do with 654 credit score?
A 654 credit score is considered fair credit, which means you should be able to get a credit card or loan, but a little bit of credit improvement will give you many more options and help you save a lot more money.
What credit score do I need to buy a $30 000 car?
What Is the Minimum Score Needed to Buy a Car? In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.
How much can you get approved for with a 650 credit score?
You can borrow as much as $40,000 - $100,000+ with a 650 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.