The Best Loans for Medium Credit Customers

The Best Loans for Medium Credit Customers

Experian’s annual state of credit report outlines that the average US score is approximately 669. If you fall right around that threshold (630-680) how should you think about finding the best place to get your medium credit auto loan?

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County of residence FICO Term of loan(monthly) Vehicle year Vehicle mileage


Ranking the best Auto Loans for Medium Credit Customers.

Alameda County 3.24% Alliance CU www.alliancecu.org
Alpine County 4.49% Golden 1 CU www.golden1.com
Amador County 4.49% Golden 1 CU www.golden1.com
Butte County 4.49% Golden 1 CU www.golden1.com
Calaveras County 4.49% Golden 1 CU www.golden1.com
Colusa County 4.49% Golden 1 CU www.golden1.com
Contra Costa County 3.24% Golden 1 CU www.golden1.com
Del Norte County 4.49% Golden 1 CU www.golden1.com
El Dorado County 3.24% Golden 1 CU www.golden1.com
Fresno County 4.49% Golden 1 CU www.golden1.com
Glenn County 4.49% Golden 1 CU www.golden1.com
Humboldt County 4.49% Golden 1 CU www.golden1.com
Imperial County 4.49% Golden 1 CU www.golden1.com
Inyo County 4.49% Golden 1 CU www.golden1.com
Kern County 4.49% Golden 1 CU www.golden1.com
Kings County 4.49% Golden 1 CU www.golden1.com
Lake County 4.49% Golden 1 CU www.golden1.com
Lassen County 4.49% Golden 1 CU www.golden1.com
Los Angeles County 2.9% Golden 1 CU www.golden1.com
Madera County 4.45% Golden 1 CU www.golden1.com
Marin County 4.49% Golden 1 CU www.golden1.com
Mariposa County 4.49% Golden 1 CU www.golden1.com
Mendocino County 4.49% Golden 1 CU www.golden1.com
Merced County 4.49% Golden 1 CU www.golden1.com
Modoc County 4.49% Golden 1 CU www.golden1.com
Mono County 4.49% Golden 1 CU www.golden1.com
Monterey County 4.49% Golden 1 CU www.golden1.com
Napa County 4.49% Golden 1 CU www.golden1.com
Nevada County 4.49% Golden 1 CU www.golden1.com
Orange County 4.24% Golden 1 CU www.golden1.com
Placer County 3.24% Golden 1 CU www.golden1.com
Plumas County 4.49% Golden 1 CU www.golden1.com
Riverside County 4.24% Golden 1 CU www.golden1.com
Sacramento County 3.24% Golden 1 CU www.golden1.com
San Benito County 4.49% Golden 1 CU www.golden1.com
San Bernardino County 2.9% Golden 1 CU www.golden1.com
San Diego County 4.49% Golden 1 CU www.golden1.com
San Francisco County 4.49% Golden 1 CU www.golden1.com
San Joaquin County 4.49% Golden 1 CU www.golden1.com
San Luis Obispo County 4.49% Golden 1 CU www.golden1.com
San Mateo County 3.24% Alliance CU www.alliancecu.org
Santa Barbara County 3.24% Golden 1 CU www.golden1.com
Santa Clara County 3.24% Alliance CU www.alliancecu.org
Santa Cruz County 4.49% Golden 1 CU www.golden1.com
Shasta County 4.49% Golden 1 CU www.golden1.com
Sierra County 4.49% Golden 1 CU www.golden1.com
Siskiyou County 4.49% Golden 1 CU www.golden1.com
Solano County 4.49% Golden 1 CU www.golden1.com
Sonoma County 4.49% Golden 1 CU www.golden1.com
Stanislaus County 4.49% Golden 1 CU www.golden1.com
Sutter County 4.49% Golden 1 CU www.golden1.com
Tehama County 4.49% Golden 1 CU www.golden1.com
Trinity County 4.49% Golden 1 CU www.golden1.com
Tulare County 4.45% Golden 1 CU www.golden1.com
Tuolumne County 4.49% Golden 1 CU www.golden1.com
Ventura County 3.24% Golden 1 CU www.golden1.com
Yolo County 4.49% Golden 1 CU www.golden1.com
Yuba County 4.49% Golden 1 CU www.golden1.com

What does a 630-680 score mean?

Given the huge range, what does a credit score in this “below average” mean. To banks, it means you’re a greater risk. Banks are obviously most concerned with not being paid back – and to a large degree FICO scores reflect your prior ability to pay loans and debts in a timely manner. To banks – they call these late or overdue payments “delinquencies”. Although most often these delinquencies are not reported until a payment is late by two consecutive periods.

As a measure of delinquency – for a person with 630-680 score, average measured delinquency is around 31% (or one third of payments may be late/overdue). If you bump the score to 630-680 range – that delinquency rate goes down in half.

Can I still get a medium credit auto loan (630-680 score)?

Luckily – yes. With a 600-650 score, many lenders will still find an appropriate channel. Unfortunately – we often see that individuals with these medium credit scores face the greatest variability in rates (and hence most often get exploited).

To maximize your chances of getting the best rate on your medium credit auto loan, lenders will look at the whole picture.

This includes:

  • Existing Debt to Income: If you’ve already got hefty mortgage payments, its unlikely that adding more debt helps your ability to pay it off. Banks will closely monitor how your debts track to your pay.
  • Total Value of the Car versus Loan Amount: As a last resort, banks can always repossess your car. In these cases they’ll look at how much the vehicle is worth relative to the amount you paid. If you’ve put a large down-payment already, chances are good the bank can recoup 100% of its expenses. In short, the more money down the less risk the bank takes.
  • Payment to Income Ratio: As a general rule, even if you’ve got no other debts, your total auto expense should be controllable. A good rule of thumb (for maximums) is that no more than 15% of pretax income should go towards your car payment.
  • Previous Auto Loan History: If you’ve had perfect payment on previous auto loans, it obviously helps your ability to get a future loan.

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