Fmc
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Joined: Feb 2002
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From: nantucket usa
Fmc
Anybody know what kind of credit score range you need to be approved by FMC? i have three paid off auto loans all in good standing (i hear dealerships use a different way of scoring that skews on the side of past auto loans?)
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Joined: May 2007
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From: Greenfield, MA
FMCC will tier your interest rate depending on what your actual credit score is. Depending on exactly what issues a buyer may have...mid 500s and up can get loans. Of course...the lower your credit score...the higher the rate you pay. Most banks will give special consideration to folks who have had good loans with them.
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Joined: May 2007
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From: Greenfield, MA
Actually...the dealers don't make the decision on who gets the loan...the finance source does. And...yes...banks do sometimes make special considerations for those who have had successful payment histories with them.
The exception to the above are "Buy Here...Pay Here" lots.
The exception to the above are "Buy Here...Pay Here" lots.
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hickory1991
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