Is 630 a Good Credit Score to Buy a Car?

If you’re deep into the research process of financing a car in St. Louis, you might be wondering, “Is 630 a bad credit score or a good credit score when looking for a car loan?” While there isn’t a simple yes or no answer, a credit score of 630 falls well above Green Light Auto Credit’s ideal credit range of 600 — so you’re in luck! Join us down below to learn more about the factors that make up your credit score and find out how to put your best foot forward during the application process.

Is 630 a Good Credit Score Compared to Other Scores?

The higher the credit score, the lower your car payments — but what if your credit score isn’t perfect? Lenders know that every applicant is unique, which is why they often consult FICO® Scores. FICO® scores put every credit score into a category, ranging from Exceptional to Very Poor:

• Exceptional: 800 – 850
• Very Good: 740 – 799
• Good: 670 – 739
• Fair: 580 – 669
• Very Poor: 300 – 579

Is 630 a good credit score? It falls into the “Fair” category of FICO® scores, and is certainly better than a score in the 550 range, but that’s just one part of the equation.

Auto Financing Tips and Tricks

So, what can you do to boost your chances of getting that dream car? A little time and effort can go a long way toward getting you behind the wheel of that new vehicle. Let’s take a look at some different ways to make yourself look more favorable to potential lenders:

• Pay Down Your Debts: One of the biggest ways to boost your credit score is to pay off your debts. Take a look at what outstanding debts you have. Can you pay off a few smaller bills? This can have a huge impact on your credit score.
• Save a Larger Down Payment: If you have no credit or poor credit, saving some extra money to make a larger down payment can help you get a better deal. You can also apply with a co-signer for an extra advantage as well.
• Shop Around: The answer to “is 630 a bad credit score?” will vary by lender, as each institution uses their own criteria when making the decision. Many banks in the greater St. Louis area are more restrictive, while a 630 credit score is considered ideal at places like Green Light Auto Credit!

Secure Car Financing With Green Light Auto Credit

So, is 630 a good credit score to buy a car? While it’s a little lower than 650 or 710, it’s a great score with Green Light Auto Credit by your side. There’s no need to drive around Florissant or Herculaneum in a car that doesn’t work for your budget and lifestyle. Green Light Auto Credit is here to help you secure affordable financing that works for you, so don’t hesitate to contact us or apply for pre-approval to get things rolling.

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