Will a 657 Credit Score Get Me an Auto Loan?

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Q: I’d like to make an application for an auto loan this week, although I’ve got a credit score of just 657. Is that good enough to get a car loan, or am I likely to be refused wherever I go?

A: It really is possible to apply successfully for an auto loan with a 657 credit score. Look at this loan data from the guys at Experian:

The fact is, Experian confirmed that vehicle loans for car buyers having scores of less than 657 accounted for twenty percent of all 2019 auto loans!

If your credit score is close to 657, you should have the best probability of qualifying for that loan if you submit an application for vehicle loans online. Doing this will make it an easy task to compare the prices from a larger range of loan companies and you will also be working together with firms that are way more accommodating with respect to authorizing borrowers with low credit. If you aren’t certain how to go about this, look at our list of services.

Up to $50,000
Individual rates
Bad credit
Loan Terms
6 months to 6 years
Required Credit Score
Up to $35,000
Starting at 6.90%
Bad credit
Loan Terms
2 months to 7 years
« Show more alternatives »

Precisely the same technique works perfectly for auto loans with credit score 658, 659, 660 and 661.

While you’re able to successfully make an application for an auto loan or a personal loan with a poor credit standing, the disadvantage is that interest rates are often higher. You might be entitled to a more reasonable rate of interest if you pay a bigger deposit on the car. Also you could have a go at raising your FICO score.

Greatly improve your credit score & interest rate

Let me share some ideas for possibly raising your credit score when you need to apply for an auto / car loan:

  • Get current on as many debts and bills as possible.
  • Certain loan companies are prepared to excuse one-time failures and remove them from your record. Check if this is relevant in your situation.
  • Obtain free credit reports, examine them for flaws and challenge any you find.
  • Credit cards, cut down your credit amount to below thirty percent.
  • Sign up for Experian Boost to get your utilities and phone bill payments counted toward your credit scores.