Credit Score FAQs in Beckley, WV

Your credit score is one of the few things that can keep you from making a large purchase like a car or a house. If you need to take out an auto loan with monthly payments but you have a poor credit score, banks won't want to take the risk of loaning you that money. Here's what you need to know about credit scores.

What is a credit score?

First and foremost, your credit score is a number that comes from past information in your personal credit report. That number represents how likely you are to pay back a loan or money you spend on a credit card on time.

What is the range of credit scores?

There are a few different ranges of scores depending on where you get your credit report from. The range is generally somewhere around 300-900, based on the method used.

What is a good credit score?

Because there are different scoring scales used in the credit industry, it can be kind of confusing as to what makes a good credit score. One rule to go by is that the higher your credit score is, the better it is and the more likely you will be to secure a loan.

What affects my credit score?

Things that will negatively affect your credit score includes making inquiries for better interests, being late on any payments, and obviously not paying the money back. Conversely, if you make all of your payments on time and pay your loans back in full, your credit score should go up.

Will my credit score cause me to not get a loan or credit?

Having a low credit score could absolutely keep you from getting a loan. It depends on where you are getting it from, but high-risk scores scare banks, credit card companies, auto dealers, etc. They are not likely to loan you money if your credit scores are low, making it a lot harder for you to make your purchase.

At Mountaineer Ford, we'll always work with you to get the best possible deal on a car no matter your credit score. Visit our finance department today in Beckley, West Virginia!


  • Monday 8:30AM-7:00PM
  • Tuesday 8:30AM-7:00PM
  • Wednesday 8:30AM-7:00PM
  • Thursday 8:30AM-7:00PM
  • Friday 8:30AM-7:00PM
  • Saturday 9:00AM-6:00PM
  • Sunday Closed

Make an Inquiry