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Posted in Auto Loans
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Question By
1234m56789r

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0 People Helped
Could i get a 30,000$ loan with 550 score? been at job 2 years and make 2400$ a month

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Top Contributor
1884 Contributions
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Its Doughtful

The length of time at your job and your monthly income have less to do with it than your score.   You are basicly at the bottom of the scale, A High risk borrower.  You need a score better than 740 for an unsecured loan of that size. 

You need to build your credit to prove that you can manage your credit and will pay your bills on time.  I suggest that you start with a few lower limit credit cards to prove your credit worthiness.  Build that score so you can acheive your goals.

Good luck

Top Contributor
47 Contributions
27 People Helped

Not enough information.  How many other payments are you making.  How much are you spending on housing.  $2400/month (gross or net?) where you spend pretty much all your money every month will likely make it difficult to get the loan.

If you had been living on less, and putting away $500 or $1000/month into savings toward whatever you need the money for, more likely to get a loan.

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Reply by
tbdc

366 Contributions
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There was plenty of information..... Once 1234m56789r stated his credit score was a 550 there is NOBODY that is going to give that person a $30000 auto loan or for that matter any loan.  They would be "High Risk"  If they did manage to secure the loan the interest rate would be so high that they couldn't afford the payment.

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