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Stock impact report

Buying a Car? Here's How Much a Bad Credit Score Can Cost You [Yahoo! Finance]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Yahoo! Finance
Trending Now: I Have Driven Over 250 Car Models — These Are the 3 Best and Worst for Your Money Find Out: How To Get $340 Per Year Cash Back on Gas and Other Things You Already Buy The good news is that you can get a car loan with a credit score in the low 600s, which is how many lenders define a “bad” score, or even less, according to TransUnion. “But the loan will probably come with a sky-high interest rate, dramatically increasing the full cost of the car,” USA Today noted. The spreads in interest rates on car loans come from complicated risk-based calculations. While financing standards vary from one lender to the next, they all have one thing in common: They consider you a bigger risk for loan default if you have a lower credit score. Learn More: 5 Cars That Hold Their Value Best After 5 Years How To Get a Better Rate With a Low Credit Score If you have a low credit score and want to buy a car, get ready to pay more. But there are some things you can do to improve yo Show less Read more
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