To get an auto loan without a high interest rate, our research shows you’ll want a credit score of 700 or above on the 300- to 850-point scale. That’s considered prime credit, and lenders don’t have to price much risk into their rates.

What percentage of the population has a credit score over 750?

Here’s the distribution of FICO credit scores

What APR will I get with a 750 credit score?

Excellent Credit (750+) The average auto loan interest rate for people with an excellent credit score of 750 or higher is 4.98% for a new car and 5.23% for a used car.

What does a credit score of 750 mean?

A 750 credit score is considered excellent and above the average score in America. Your credit score helps lenders decide if you qualify for products like credit cards and loans, and your interest rate. You are one of the 43% of Americans who had a score of 750 or above in 2019, according to credit scoring company FICO.

What kind of interest rate can I get with a 750?

Credit scores are not the only factor in determining the interest rate you’ll pay on a mortgage, but they do play a big role. The following is an estimation of the annual percentage rate (APR) you could get on a 30-year, $300,000 mortgage with the following scores:

What should my credit utilization be at 750?

Reduce Your Credit Utilization: People with credit scores in the 800s use less than 5% of their available credit, according to VantageScore, while people with scores from 701 to 750 have 27% credit utilization. You definitely want to keep your credit utilization below 30% on all of your credit card accounts.

What should my credit score be on Fico?

A 750 credit score is considered excellent on commonly-used FICO and VantageScore scales, which range from 300 to 850.