Tag Archive | "lenders"

Q&A: Is there a general fico score “table” lenders use to decipher interest rates for auto loans/leases?


Question by SUVCURIOUS: Is there a general fico score “table” lenders use to decipher interest rates for auto loans/leases?
I’ve requested the credit bureaus to remove/fix parts of my credit report so that hopefully my fico will go up. I want to get my fico as high as i can before applying for a car loan/lease. I usually put less than10k miles on my vehicles per year. I own a 2001 toyota mr2 with less than 40k miles. I plan on selling it and putting the money down on a purchase if i don’t qualify for a lease.

Best answer:

Answer by rob1963man
They have no “tables” per se. But, 720 Fico Score IS the magic number. If you’re over that, you’re going to get premium interest rates for ANY loan, not only auto loans.

.

What do you think? Answer below!

Powered by Yahoo! Answers

DeliciousStumbleUponDiggTwitterMixxTechnoratiFacebookNews VineRedditLinkedInYahoo! BookmarksEmail

Posted in Credit Repair QuestionsComments (0)

Credit and Debt Tweets

stuckoncourtneystuckoncourtney: college costs....#debt anyone?
11 hours ago from web
LiveVeganLiveVegan: As #Pakistan #Floods Continue Moving South, Calls for #Debt Cancellation Grow http://bit.ly/clFadA
11 hours ago from web
leebrightleebright: Gov to spend $50,000,000,000 MORE http://dld.bz/uEP5 #sctweets #debt #fb
12 hours ago from SocialOomph
creditdebtaid4ucreditdebtaid4u: Debt Relief Online - Can I Find Top Debt Settlement Companies On The Web? http://bit.ly/bsm8ZE #credit #debt
12 hours ago from twitterfeed
creditdebtaid4ucreditdebtaid4u: Debt Relief Frauds - How Government Watchdogs Ensure Debt Settlement Programs Are Legitimate http://bit.ly/bNsTMB #credit #debt
12 hours ago from twitterfeed