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Can I get any loan?

Johnsql
Johnsql Posts: 1 Newbie
in Loans
Hi Hello everyBody.

I check my credit score last week I got 750 score.with this score can I get any loan.because I want to buy a car.

Plz give your suggestion .

Thanks in advance.

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Potential lenders do not see your score.

    A potential lender will consider your application based on the information you put on the application, including crucially your income, and on the raw data on your credit file from the credit reference agency(ies) they search. From this they will assess the risk of lending to you and make a decision.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    The score is meaningless - it's only relevant to the company giving you (and probably charging you) for that number.

    What actually is on your credit file? how much do you earn? credit commitments? any defaults/ccjs etc?
    Thinking critically since 1996....
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 7 July 2014 at 2:56PM
    Your score is worthless.

    How much do you save each month ?
  • lynz68
    lynz68 Posts: 323 Forumite
    Your credit score is meaningless. With the information you provide nobody can really tell.


    How much are you looking to borrow?
    What is you income?
    What other outstanding debts, credit cards etc do you have?


    As a rule of thumb all your debts combined should not total 50% of your income.
  • 27col
    27col Posts: 6,554 Forumite
    DCFC79 wrote: »
    Your score is worthless.

    How much do you save each month ?
    Answer the question OP. How much do you save each month?
    If the answer is nothing, then how do you propose to make the repayments on any loan that you might get.
    I can afford anything that I want.
    Just so long as I don't want much.
  • heartbreak_star
    heartbreak_star Posts: 8,287 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Rampant Recycler
    My suggestion is to save up for a bit...

    HBS x
    "I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."

    "It's easy to know what you're against, quite another to know what you're for."

    #Bremainer
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You need 751 to get a loan.
  • forgotmyname
    forgotmyname Posts: 33,043 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CHR15 wrote: »
    You need 751 to get a loan.


    I thought you needed a score of 3 custard cream biscuits to get a loan for a car?
    Censorship Reigns Supreme in Troll City...

This discussion has been closed.
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