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Posted in Auto Loans
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BryanTorres777

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Will they give me a 20,000$ auto loan if my credit is 659?

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If you have a 659 FICO score from the bureau(s) that they pull it is possible. If the 659 is a FAKO score, then it is meaningless as they only care what your FICO scores are. With a 659 FICO, I am sure that some lenders would accept that score, but it would come with a less than desirable interest rate. The other factors that would weigh just as heavy as your score is the information on your credit reports as well as your income and debt to income ratio, length of employment, size of down payment, etc. Also previous auto loan history will play a part, if you have paid and closed auto loans showing on your reports it would be a plus.

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There are many auto lenders out there that will work with all credit situation, just be very careful as you don't want to get in over your head in paying excess for a car that will cause you years of hardship.

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