If you’re thinking about financing a new or used car, you might be wondering, “What kind of credit score do I need?” The good news? You don’t need perfect credit to drive off in a reliable vehicle. At Homer Skelton Hyundai in Olive Branch, we work with buyers of all credit backgrounds, and we’re here to help you understand how your score impacts your car-buying journey.
📊 What Credit Score Do Lenders Look For?
Lenders typically use FICO scores, which range from 300 to 850. Here’s a quick breakdown:
-
750+ = Excellent – You’ll likely qualify for the lowest interest rates and best terms.
-
700–749 = Good – Solid score with access to competitive rates.
-
640–699 = Fair – You may still qualify with decent terms, but rates may be slightly higher.
-
580–639 = Below Average – Approval is possible, but expect higher interest and stricter terms.
-
Below 580 = Poor – Some lenders may still work with you, especially through dealer-backed programs.
Remember: Your credit score is just one part of the equation. Lenders also look at income, employment history, down payment, and debt-to-income ratio.
💡 Can You Get a Car Loan with Bad Credit?
Absolutely. At Homer Skelton Hyundai, we partner with multiple lenders—including those that specialize in helping people with:
-
Low or no credit history
-
Past bankruptcies
-
Late payments or collections
If you're rebuilding credit, we can help you qualify for a loan that fits your budget—and puts you on the road to stronger financial health.
💳 Want Better Terms? Here’s How to Boost Your Score Fast
Even a small score increase can make a big difference in your loan terms. Here are quick ways to boost your credit:
-
Pay down credit card balances
-
Avoid new credit inquiries before applying
-
Make all current payments on time
-
Check your credit report for errors
We can even help you review your report during your dealership visit.
🧠 Pre-Approval = Peace of Mind
Before you shop, consider getting pre-approved with us. It helps:
-
Set realistic expectations
-
Speed up your buying process
-
Strengthen your negotiation power
Our finance team makes the process quick, simple, and secure.
✅ All Credit Welcome at Homer Skelton Hyundai
Whether your score is high, low, or somewhere in between—we’re here to help. We believe everyone deserves a fair shot at financing, and we’ll work with you to find a solution that fits.
Stop by Homer Skelton Hyundai in Olive Branch or apply for pre-approval online. Let’s get you behind the wheel with confidence, no matter your credit score.
Mario Dodson
(901) 212-3011
Homer Skelton Hyundai
