The lender will then approve or decline the loan based on this average. So you can see how person A would think that a credit score of 700 was great, and be hoping that the lender sees that and acts accordingly.
I have a 649 equifax score and recently went to credit union for a auto loan (my 1st one ever). I was denied because my legnth of credit history (just over 1 year) and because my Highest CL on my credit cards is only $500. I got approved through Capital One Auto loans for 13,300 with a13.4% APR..
Is 700 still a good credit score or not? A: As with many things that are bantered about online, there continues to be quite a bit of speculation and downright misinformation
A credit score of 700 and above is an indicator that a person has established productive habits with their finances for an extended period of time.
700 Credit Score Auto Loans.
If a homeowner is refinancing with a credit score below 700, and the total amount of the new loan is proportionately low in respect to the actual appraised value of the subject property, it can also help an underwriter make a positive decision.
The proportional rights more than two sides 700 credit score home loan rate when employees it would come means for other private lenders and requesting rate remains before scheduled payments provider to cut the amount borrowed we are able.
So if you do have a score of 700 and up, it will be fairly easy to have good deals on loans (those with poor credit ratings usually end up having bigger interest rates to pay) and faster processing of financing applications.
If you don’t want to use the tool, you can go to each personal loan company individually. Here are 7 personal loans for people with credit scores of 600 to 700. Read below to see if one is right for you!
As a result, you have to pay attention, to some degree, to market conditions. Before the financial crisis of 2008, you could get the best interest rate on a mortgage loan if you had a FICO credit score of at least 700.