computerjosh22

5 Contributions 65 People Helped

Member Since: December 2013

Most Helpful Contribution

want to lease a car, is 640 score enough?

Aug 22, 2014
Helpful to 34 out of 47 people

I managed to get a car loan for about $19,000 with a rating of 618. Down payment was $1,600 with interest rate of 9% but if I had a down payment of only $1,500 my interest rate would of been about 20%. I did have to try a few car lots and banks. So short answer is yes you can get a car loan. But you might have to be perpared to shop around a little, have a down payment around $1,500 or more, and expect a higher interest rate.

Activity (5 Total Contributions)

First PREMIER® Bank MasterCard® Credit Card

Sep 18, 2014
Don't use it if your going to abuse it.
Helpful to 20 out of 20 people

Yes the card can be horrible to have. But if you have bad cerdit than its better then nothing. The interest rate is very high. Yearly is also high even though it depends on your cerdit score. Also you get fees for same days processing which is also very high. If you try to pay over the "cerdit balance due" which is the dollar amount of transactions that have posted to your account acd cleared they deny the payment and suspend your account. Five dollar one time fee to enroll for online account managment. Almost everything you do has a fee. But hey they report to all 3 cerdit bureaus monthly. So use it once a month for something cheap, pay it off when the bill comes, and when you get your score up to where you need it move on to something better.

want to lease a car, is 640 score enough?

Aug 22, 2014
Helpful to 34 out of 47 people

I managed to get a car loan for about $19,000 with a rating of 618. Down payment was $1,600 with interest rate of 9% but if I had a down payment of only $1,500 my interest rate would of been about 20%. I did have to try a few car lots and banks. So short answer is yes you can get a car loan. But you might have to be perpared to shop around a little, have a down payment around $1,500 or more, and expect a higher interest rate.

Credit score took a major dip in a week

Jan 31, 2016

Fair range should be able to get you a car without a cosigner. However you will need a down payment and shop around. Also your income will be looked at. But your credit nought not be as bad bas you think. There are different models of each of the credit bureaus's report out there. Your score can vary depending on which one is used.

Credit report incorrect

Jan 31, 2016

The credit bureaus get their information from companies that have reported on you. So if the information the credit bureaus have is incorrect that generally means a company retorted incorrect information about you. Your best bet is to get a full copy of your credit report i and see if you can find out where the incorrect informal came from.

Why has my credit score changed so drastically?

Jan 31, 2016
Credit
Helpful to 1 out of 3 people

Its hard to tell. Generally most banks will pull from TransUnion and Equifax. Sometimes Experian. However there different models of each these out there in use. And the same person's credit score can change greatly based on the model. There really is no way of know way of knowing which model the creditor is actually going to use before hand. As for why your score change that can also be hard to answer. Seeing as you said nothing had changed in the last six months i assume your not paying on a form of credit. If that is correct that could affect your score. You have to be paying on some form of credit regularly or have a form of credit open that reports regularly. If not your score will drop. You have to be be payments on something to show your current borrowing habits.