Not exact matches
They rank
above average in delinquency
rates on all types of debt and rank in the top 10 for lowest
rates of
auto loan delinquency and credit - card delinquency.»
It is true Lender B finances
auto loans for customers with credit scores between 600 and 850 + — that's Ryan — but what Ryan doesn't understand is that its
rates are only very competitive
above 720.
Benefits of
above average credit scores not only mean access to more credit opportunities such as obtaining a mortgage or
auto loan but also what interest
rates you pay.
Requires a Webster business checking account which must be opened prior to
loan closing and which must be used for
auto - deduct of payment in order to receive the discounted
rate as referenced
above.
If you are approved for a
loan, the
rate offered will depend on your credit profile and the term you select and will be within the ranges shown
above assuming the
auto - debit interest
rate reduction applies.
Consumers with credit scores that are
above 690 may be offered
auto loan interest
rates of as low as 2 %, although the averages range between 3 % to 5 %, depending on credit score.
If you have an average credit score you may still be able to obtain a mortgage or
auto loan but it will likely be an
above average interest
rate.
If your current interest
rate is at or
above 6 %, there's a good chance you could save hundreds of dollars each year by refinancing
auto loans.