Posts Tagged ‘good credit’
That means good credit?
When you want a loan from your bank, buy a house or getting hooked on a mortgage always in your head that you have to have good credit. Previously we talked about how your FICO score is made on what model that most lenders use, these are the scores you might have in detail. This score can vary from creditor to creditor, but will give you a good idea where you want your score when you go to apply for credit.
Your FICO score can range from 300 to 850, the higher the better:
720 or more
This score is considered to be excellent. This score will open the door to interest rates the lowest in the market.
Between 680 to 719
Most people have this score. This item is considered very good. If you have this score usually give you a competitive interest rates.
Between 620 to 679
If you are in this category most likely to get approved for the loan, but the terms and rates could be a little high.
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