Source: Capital One via loan aggregator.
As you can see, getting to a credit score of 700 or higher can save you a lot of money on your auto loan.
Refinance old debts.
|Credit Score||Auto Loan Refinance Rate|
|700 to 749||3.39% for 60 months|
|650 to 699||5.49% for 60 months|
1 more row
What can you do with a 700 credit score?
10 Things to Do Now If You Have a 700 Credit Score
- 10 Things to Do to Raise Your 700 Credit Score.
- Check Your Credit Score Regularly.
- Make Payments on Time.
- Avoid Closing Old Accounts.
- Add Missing Accounts or Utilities to Credit Report.
- Increase Your Credit Limit.
- Make Small Purchases With Your Credit Cards.
- Pay Off Your Maxed-Out Credit Cards.
Can I get a personal loan with a 700 credit score?
Personal loans can be obtained for a minimum of $3,000 and maximum of $35,000. The maximum APR of 29.99% is higher than Payoff’s, however. And to secure the lowest APRs, you’ll need a loan term under 48 months, a minimum credit score of 700 and a minimum annual income of $100,000.
What kind of car loan can I get with a 700 credit score?
With a credit score between 700 and 709, you are going to qualify for prime loans at a higher interest rate than if you were able to increase your credit score to 780+. Because you are so close to receiving super prime credit score rates it may make sense to consider spending 30, 60, or 90 days building your credit.
What kind of loan can I get with a 740 credit score?
With a FICO score of 740 or higher, you’re likely to get the most favorable interest rate available, especially on a conforming (non-jumbo) conventional loan. Conventional loans tend to require higher scores.