☆BTriX☆
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Medical bills are the pits. That's what's got my as* in a vice and I can't pay them b/c they are soo freaking huge!
Screw medical treatment - I'm just taking aspirin from now on! |
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Amanda H
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627 is considered just barely above poor, to more of the fair range.
At 627 you WOULD be able to get a 0 down home loan but the rates would not be good and you might get a 2 year prepayment penalty. You could probably get a car loan withoout TOO much trouble, but probably not throught he major lenders like FORD or GMAC that give bonuses and such.
Work on paying off those debts and keep up on your CC's-- and keep your CC's under 50% of their limit. |
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Lianne
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This score is not bad. Generally speaking a score of 650 will get you approved for most loans and financing and you just fall a little short of that. You're on the right path but if you want tips on raising your credit score, check out Raising Your Credit Score
http://finance-girl.blogspot.com/2006/09/raising-your-credit-score-who-doesnt.html |
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gum s
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Your scoe is OK....Yes, you can get car loans
Credit Score Explained
http://www.debt-loan-refinance-mortgage-credit.com/category/Credit-Score-Myths-Explained.html |
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lady K
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Credit is such a headache. You will always be able to buy a car or house with that credit score, but you will just pay more in interest. That score is considered "fair". You should really start to pay those medical bills that went to collections. Then, as long as all your credit history is in good standing and it stays that way-your credit score will gradually get higher. It takes a lot of time to get better and any ONE bill that goes bad can affect your score. |
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Yen
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Your score is average. You could get a house and a car but you will be paying much higher interest. Wait a while till it gets higher before you do anything. |
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bella_4624_19
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you score is a little lower than average. you will be able to get a car or a house but have a down payment ready. |
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Jaclyn B
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the average credit score for NY is 686 so your right around average for Ny. If your not in NY got to website below... |
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Christian93
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With this score, you should be able to get both with NO problem at all. You should qualify for a no money down mortgage, as they usually only require you to have a score of 580 to get a no money down mortgage. Check your finances, be sure you can afford the payments, and go for that house.
You should be able to get rates around 6%, give or take. Go to Nextag http://www.nextag.com/serv/main/buyer/mortgages.jsp or Lending Tree http://www.lendingtree.com/ |
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brendagho
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627 is a fair credit score. If you want to get a house you can apply for a FHA loan, these dont consider medical bills when they are looking at your score so this is the bast way for you to go as long as all of your collections are medical. Yes you will also be able to get a car as long as all of your more current stuff is paid on time. You also have the right to put an explanation on your credit report for those collection accounts. You can explain the circumstances that they were not paid. Things like an illness, job loss, divorce in the explanation will help a creditor understand how that could happen. |
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emmettgolf
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It is below average. Yes, you will be able to get a car or house. The trick is to make lenders compete for your business and don't be afraid to tell lenders that their rate is too high and you are going to go some where else. Make sure that your credit card rates are locked in or else they will use your credit score as an excuse to raise the rates on you one year after you start using them. It's a form of legalized loan sharking. |
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JaMoke
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I had an 820 until I had one $32 bill go to a collections agency.
Now it's 790.
See if you can get the credit bureau to remove the bad marks. |
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NONAME
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U got nothing to worried about! Thats a really good score! Average US is 678 so u still good. But the score are really different from market to market like car or mortgage or credit card. |
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golden1
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Yes, you could get a car or house "someday". Maybe not at the best rate.
My score is not the best, was around 640 and I was able to finagle an 8%car loan and a 5.5% house loan last year.
It is not whether you can get the car and house, you could. With your current score, it is a question of what interest rate they will try to stick you with.
You will have to bluff your rate down, threaten to walk away from a deal if they cannot lower your rate..........that is what I did and they "figured out" a way to do it on both the car and house.
Since it sounds like your car and house purchase is a ways off you have time to pay down some of your debts.
They look also at your income debt ratio.
Another thing that determines your score is how close you are to credit limits on the accounts that you do have, even if you are paying them on time.
Best of luck to you. |
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Cara M
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627 is nothing to complain about. That's better than most people. The money that you owe is not the only factor in looking at this score. You also have to look at how much credit companies have extended to you - how much *could* you spend if you maxed out all your cards. They look at the "potential" amount that you could spend. |
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daddydolphin
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Sure its a little low, but you'll be able to get loans.......you'll just pay a higher interest rate. |
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mrsdamico22
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Average is @650 you are under and in the poor rating. You will be able to get a house and a car just at a higher percentage rate then others with better credit. In other words just get those medical bills paid off and over time it will improve. Good Luck!!!!! |
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NIKKI
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yes, it' a little low but you can work on it to get it higher even if you havent missed payments your credit score goes by many other things as well like how much avaliable credit you have open , a debit to income ratio as well |
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CarMan
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Below 640 and you are considered "sub-prime." 640 to 700 is average but not good, 700 and above is "prime" or A+. Only prime borrowers get the best rates. Below 640 and you may have trouble getting a loan. |
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