Credit Cards Center Credit cards from our partners
New Visitor
Posts: 2
Registered: ‎10-19-2009

675 fico

Hello All,


My credit score is 675. I have several credit cards and charge cards and a ton of student loans. I am in good standing with all of my loans and cards and are doing my best to pay the credit cards down including searching for another job. I guess my credit started to go down when my debt started to go up. What is the likeliness of me getting approved for a car loan? I dont need much just something new or close to new. The car I am interested in is about 12k. I dont have much money to put down because I didnt expect to have to buy a new car so soon, by car just died and is not worth putting all the money into it to fix it.


Any advice would be greatly appreciated



Valued Contributor
Posts: 1,320
Registered: ‎04-18-2009

Re: 675 fico


it is my understanding that auto loans take into other considerations as well, not soley score based....such as, your income, your debt to income, length of time on the job, how you paid your last auto loans, and of course how you pay all your bills. Age of accounts, average age of accounts, etc.


With that said, your 675 will look more appealing to a finance company if you have some credit history versus the kid that has 720 FICO with almost no history, aka a think file. Sounds like you are on the right track, paying everything on time, and I heard that having open SL's looks good to lenders, it gives them the idea that you will make more money in the future....because you have an education...


there are all kinds of deals right now...low interest you belong to a credit union? if so, that might be a good place to start for a lower interest rate...i looked at joining five and come to the conclusion best rate for the CU's I can get into and most likely get approved for, around five percent for 48 month car loan. Honda, Lexus, MB, Toyota, they all have those really super low rates now. moving the metal for 2010 models...


can't comment on the no money down...i thought most finance companies today do want to see ten to twenty percent down...but i don't know for sure...having put zero down on a maxima years ago, guess what happend? i got upside down. so it scares me not to put money down. plus it looks a little bit better to the bank that you're throwing something towards the car...


hope this helps and good luck.



Starting Score: 682 EQ, 663 TU
Current Score: 687 EQ - 705 TU on 7/18/10
Goal Score: 700 + both EQ and TU

Take the FICO Fitness Challenge
New Visitor
Posts: 2
Registered: ‎10-19-2009

Re: 675 fico

Thank you so much for your help. I guess I will give it a try and see if I get approved.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.