What fico score is needed to get a no money down car loan?
October 24th, 2011I have a 592 fico and still need a cosigner? What score is need to purchase a vehicle no money down no cosigner?
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A blues about credit scores for everyone who’s ever had less than perfect credit…
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Credit scores, on the scale assigned by FICO, range from 300 to 850. Who has an 850 credit score and what canyou do to get one? Less than 1 percent of the population has a credit score above 800, so it’s very unlikely you will have an 850 credit score. However, if your credit score is above 720, you will probably still receive the best rates. Watch more credit and identity theft videos from Expert Real Estate Tips to learn how to raise your credit score….
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I have heard that starting next month that this is no longer going to be the case? How true is that? What is the deal here? A person will be put on as authorized user but his or her FICO will not go up? When will this take effect? If some one is already an authorized user are they grand fathered in or will their FICO go down?
Lastly, I have been told that if the people do not have the same last name or it can not be proved that they are related that they will be invistigated for fraud(?) How true is that?
Please help!
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