A 701 FICO® Score is considered “Good”. Mortgage, auto, and personal loans are relatively easy to get with a 701 Credit Score. Lenders like to do business with borrowers that have Good credit because it's less risky.
Can I get a car loan with a credit score of 710?
A 710 credit score is considered a good credit score by many lenders. “Good” score range identified based on 2021 Credit Karma data. With good credit scores, you might be more likely to qualify for mortgages and auto loans with lower interest rates and better terms.Apr 2, 2021
Is 701 a decent credit score?
A 701 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.
Will a 700 credit score get me a car loan?
You will likely need a credit score of 500 or above to qualify for an auto loan. A credit score of 780 or better typically gets you the best rates. There are two main factors lenders look at when approving an applicant for an auto loan.Apr 16, 2021
Can I get a new car loan with a 700 credit score?
Lenders consider people with a score in the range of 700 to 749 to be a fairly low risk. However, while people in this range would generally get charged below-average interest rates from banks, credit unions, and other lenders, they are unlikely to qualify for zero-percent financing offers from car companies.Nov 12, 2021
Can a 700 credit score get you a car?
700 is a good credit score to buy a car because it proves you are a responsible borrower with a credit history in the prime range. Even if your score is under 700 there are still ways to obtain affordable financing, especially at Green Light Auto Credit!