Wednesday, May 26, 2010

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner>?

it%26#039;s only a bit below average and with a co signer you shouldn%26#039;t have any problem



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

It%26#039;s not that good. A co-signer would help you get a better interest rate



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

why don%26#039;t you ask your bank?



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

Yes because the cosigner is what the loan place will look at ,mostly



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

624 is good enough to get a $15000 loan on your own, providing you have some good %26quot;green%26quot; history going back about 2 years. With a cosigner, you should consider that the cosigner should have equal or greater income, credit score and credit history to qualify. It also depends on your loan.



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

Actually you have a few options. But the main one you have to consider is how much you want to pay in interest. With your credit score you%26#039;re interest rate is going to be outrageous no matter what. Cosigners do not help you get a loan in ANY way... all they will help to do is slightly reduce your interest rate if... and only if they have better credit than you do. If you are unable to get a loan without a cosigner then most likely you won%26#039;t be able to get one with a cosigner. There are several financial institutions out there however who specialize in financing people with poor credit scores. You should see what options your bank has... perhaps they will be able to work with you on this.



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

if you get your lender from here i think you shouldn%26#039;t need a cosigner



http://www.wesayes.com



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

I%26#039;ve worked in auto loans for several years and if your high credit is reasonable you should have no problem getting an auto loan without a cosigner for 12-15k. If your only credit is a 1200 sofa from a furniture store, then that%26#039;s probably not good.



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

It is decent however not strong. You could probably get a mortgage if you had 5% to put down. What type of loan are you applying for? Car loan, credit card, etc. Some are riskier than others. If your cosigner has strong credit though, you should be fine.



My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

A 624 is fair. You might need collateral (such as a car title, house title) or have a good relationship with a bank.

1 comment:

  1. Thank you for sharing such great information.
    It is informative, can you help me in finding out more detail on
    what is a good credit score for a home loan.

    ReplyDelete

 


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