Credit Score

Find advice, tips and answers to questions about Credit Score here.

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Will Obtaining a Home Insurance Quote Affect My Credit Score?

There is no definitive answer when it comes to whether or not getting a home insurance quote will affect your credit score. In some cases, getting a quote could be seen as a sign of financial stability and could actually improve your credit score. However, in other cases, getting a home insurance qu

Is a 12.99% Interest Rate on a $9,000 Car Loan Too High for Someone With No Credit History?

There is no definitive answer to this question as it will depend on an individual's credit history and overall credit score. A 12.99% interest rate on a $9,000 car loan may be too high for someone with a poor credit history, but may be more manageable for someone with a good credit score. It is impo

Jun 07, 2023
For a Car Loan, What Constitutes Good Credit?

There is no definitive answer to this question since good credit can vary from lender to lender. Typically, a good credit score for a car loan would be above 650, but this varies depending on the lender's requirements. In addition, a good credit history - with no late payments or missed payments - i

Jun 07, 2023
I Have No Credit, Can I Still Receive a Used Car Loan?

Yes, you can still receive a used car loan even if you have no credit. However, your interest rate may be higher and your approval may be more difficult to obtain. It is important to shop around for the best loan terms and to have a solid plan for repaying the loan. If you can demonstrate that you a

Jun 07, 2023
What Happens to Your Credit Score After Bankruptcy?

Your credit score will take a hit after bankruptcy, but it will eventually rebound. Bankruptcy can stay on your credit report for up to 10 years, but it will gradually become less impactful over time. By rebuilding your credit history and demonstrating responsible financial behavior, you can eventua

Jun 07, 2023
Is It Possible to Get a Loan Using Your Car as Security?

Yes, it is possible to get a loan using your car as security. This is known as a car title loan. With a car title loan, you can borrow money against the value of your car. You can use the money for any purpose you choose. The car remains in your possession and you can continue to drive it. The loan

Jun 07, 2023
How Much Would My Annual Percentage Rate (APR) Be for a Car Loan?

Your annual percentage rate (APR) will be based on several factors, including your credit score. A higher credit score will result in a lower APR, while a lower credit score will result in a higher APR. The size of the loan and the term of the loan will also affect the APR. Generally, the longer the

Jun 07, 2023
Is a 630 credit score sufficient for a car loan?

A 630 credit score is generally considered to be a good credit score, but it may not be sufficient for a car loan, depending on the lender. Some lenders may require a score of 640 or higher, while others may be willing to work with borrowers who have a score of 630 or lower. It's important to shop a

Jun 07, 2023
What should I do if I received a Carvana pre-approval but was later rejected?

If you received a Carvana pre-approval but were later rejected, don't worry - you're not alone. Many people are initially approved for a loan by Carvana but are later rejected for a number of reasons.The most common reason for being rejected is a low credit score. If your credit score is below 580,

Jun 07, 2023
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