Best Auto Loans for All Credit Scores You Need to Know About Right Now!
You may be wondering what a good credit score for an auto loan is? The answer is: It very much depends. As it’s truly possible in today’s lending market to be approved for an auto loan with just about any credit score, but the better your credit history, the bigger your chances of getting approved with favorable terms. When it comes to calculating your credit score many auto lenders use varying credit scoring models. Depending on the credit lender, they may use one of the following: Fico 8 or 9: Both models are the latest versions of Fico’s basic credit score, providing a general look at a consumer’s overall creditworthiness. Access to these scores may be possible through your existing … Read more