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Good Credit
- Credit score above 700
- Auto loan(s) paid as agreed or paid off
- Mortgage accounts paid as agreed
- No prior reposessions
- No prior bankruptcy
- No Foreclosures or recent short sales
- No judgements or collection accounts
- Total debt to Income ratio below 30%
- Low balances on credit cards in relation to limits
Click here to Download our Guide to Getting the Best Financing
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Medium Credit
You may have ANY of the following
- Credit score between 580-699
- Most accounts paid well
- Maybe a few late payments from time to time
- Older bankruptcy with some good payments since
- Older foreclosure or shortsale with good payments since
- Older reposession with a good auto loan history since
- Minor collection accounts or satisfied judgements
- Debt to Income ratio between 30-50%
- Credit cards with high balances in relation to limits
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Bad Credit
You have SOME of the following
- Credit score below 580 or no credit
- History of multiple late payments
- Late payments on auto loans
- Prior reposessions with no re-establishment
- Prior or Current Bankruptcy with no re-establishment
- Unpaid Collection accounts and judgements
- High Debt to Income Ratio (Above 50%)
- Credit cards over or at limit
- Credit cards cancelled by creditor
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