Equifax Credit Score
A credit score is one of the most important aspects of your personal finance. A 710 credit score determines your reliability of paying back a loan. You can obtain an Equifax credit score by making frequent payments of your credit card bills, rent, and other borrowed funds that require on-time monthly payments that are paid in full.
When financing a new vehicle, an accurate credit score comes into play and can help your situation further. Luckily for you, our finance center can assist you with any financial problems or questions you have. This may be confusing for some people, and our finance experts will be happy to help you. Contact or visit our St. Augustine-area dealership for more information!
Your Credit Score and Financing a Vehicle
When you walk into a dealership and select a vehicle you like, the dealership will take a look at your 710 credit score and base the interest rate on it. The interest rate is the cost of borrowing money from the bank or dealership; you must pay at least the interest rate every month. Based on how high or low your accurate credit score is, the interest rate may be higher or lower. But, what is a good Equifax credit score?
Good Credit Scores
Like all scores, the higher they are, the better. Building a good 710 credit score takes time and patience, but it’s rewarding when it works in your favor. There are degrees to good and bad Equifax credit scores; there’s a percentage range. Use the guide below to see this range:
- 300 – 579: Poor
- 580 – 669: Fair
- 670 – 739: Good:
- 740 – 799: Very Good
- 800 – 850: Exceptional
Wherever you may land on these 710 credit scores, our specialists at our Fernandina Beach-area dealership can still make a deal that’s perfect for you!
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Whether you have a good or bad accurate credit score, we can help you get the vehicle of your dreams. If you want to find out more about our financial services and your Equifax credit score, feel free to contact us for more information!