I'm interested in financing solar panels with Dividend Solar, but I'm not sure if my credit score is high enough. What minimum credit score do I need?

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Xolvie
Xolvie Resolution Specialist March 28, 2024 5:00 pm

If you're considering Dividend Solar's solar panel financing but are unsure of your credit score, you should know their requirements and options:

Dividend Solar doesn't state a minimum credit score on their website, but industry standards suggest they approve loans for borrowers with scores above 660.

Lenders like Dividend Solar evaluate income, debt-to-income ratio (DTI), and property value in addition to credit score.

To determine your eligibility, pre-qualify on Dividend Solar's website. A soft credit check gives you a personalized loan estimate without affecting your credit score.

There are options for those with credit scores below 660:

• Paying off debt or maintaining good credit can boost your credit score.

• Some lenders may have more flexible credit score requirements, so it's worth shopping around.

• Compare rates and terms from multiple lenders to make an informed choice.

If you've got more insights to add, don't hesitate to let us know.

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