Is 646 a good credit score to buy a car?
A 646 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a 646 Credit Score. Lenders normally don’t do business with borrowers that have fair credit because it’s too risky.
What is a credit score of 646 considered?
646 credit score loans, credit cards & benefits. You need a score of at least 700 to have “good” credit. But a 646 credit score isn’t “bad,” either. It’s actually in the “fair” credit tier. As a result, you should be able to get a credit card or loan with a 646 credit score.
What is a good FICO score to buy a car?
Average Credit Score Needed to Buy a Car
Experian uses a credit score model of 300 to 850, with super prime borrowers at the top and deep subprime borrowers at the bottom. If your credit score is inferior, you might still qualify for a loan.
Can I buy a home with a 646 credit score?
The types of programs that are available to borrowers with a 646 credit score are: conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and non-prime loans. With a 646 score, you may potentially be eligible for several different types of mortgage programs.