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Posted in Auto Loans
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Superdaddy111

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What credit score I needed to get a 20% car loan

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First you need to ask what kind of credit score the lender will use and what credit bureaus will be pulled. I will tell you that most auto lenders will use a version of FICO scores, the bureau they pull is up to them, or they may pull your information from all credit bureaus. It is not just credit scores that they look at. The information on your credit reports is just as important as scores. Other factors such as income, time at job, debt to income ratio, year and mileage of auto to be financed will be looked at as well. It is not just that simple to say a certain credit score will get approved at a certain rate.

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