A credit score of 637 may not be preferred by lenders while buying a car through a loan. While it may be possible to get a car loan with a 600+ credit score, the interest rates and other loan terms may not be favourable for you. A score above 700 is generally good and a score above 750 is favourable. 

Here are some of the ways you can work on improving your 600+ score to bring to 750+:

  • The easiest thing to do to improve credit history and credit score is to ensure that all pending payments are cleared and all future repayments are made on time.
  • It makes sense to keep loans to a minimum since multiple lines of credit can indicate that you are facing a financial burden and this could result in higher chances of loan rejection.
  • Ensure to check your credit score periodically and check for any discrepancies that can be reported to the credit agencies.
  • Always make credit card bill payments in full instead of opting for the minimum payment. This creates a good impression on lenders and they will be willing to offer you a car loan easily in the future.

Getting a car loan with a credit score of 637 may look difficult, however, it is not impossible. Many lenders and banks may be willing to grant a loan, but at a higher interest rate and other stringent terms. To avoid this, it is best to first work towards improving your credit score and make a loan application once the score is 700 or above.