Is a Trans Union credit score of 652 good enough to get me a used car loan?
Wednesday, October 5th, 2011 at
15:38
Question by Luke F: Is a Trans Union credit score of 652 good enough to get me a used car loan?
I am looking to get a used car for around 5500 or so. I have a vehicle which I will be selling and putting at least 2000 down on the new vehicle. My question is if my TU credit score is 652, will I be able to get a decent loan for the remaining 3500 or so? And would I need a cosignor or anything? I'm twenty years old
So i would need a cosignor?
Best answer:
Answer by Carroll Disher
Probably not. With today's tough times they're looking for scores _at least_ in the mid 700's.
What do you think? Answer below!
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US $30,800.00
Tagged with: Credit • Enough • Good • Loan • Score • Trans • Union • Used
A credit score is based on a 12 month activity and usually goes up between 660/749 which is a good score. It will probably take you about another 3 to 4 months of activity to get to that level