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FICO scores do not go down to 1.
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∙ 14y ago
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Is a credit score of 671 good?
671 is a good score thru the eyes of a mortgage lender. Anything over 620 will get you a conventional rate or the street rate you hear offered on the radio or tv. There are a number of different credit scores. Since you did not indicate what credit score you are referring to I am assuming you are referencing your FICO score. You have 3 FICO scores, 1 for each of the major credit bureaus (Equifax, Experian, and Trans Union). The score measures the likihood you will repay your debt. You can help increase your score by paying on time and reducing your debt. The score is also used by lenders for loan decisions and interest rate assignment. The FICO score ranges from 300 to 850. The minimum FICO score lenders like to see is 723. The national average is about 678.
Can you get financing for a home with an annual income of only 39k per year and a FICO of only 580?
Sure they will qualify everyone by 2 1/2 times your income. you would be able to get a loan for around 120000.00 with a fico over 525
If your bank pulls your credit twice for the same loan will that decrease your credit score?
The answer depends on the reason behind the credit inquiry. If this was for a car loan or mortgage application, the bureaus do allow for "shopping time" for these types of transactions. You will have 30 days to initiate any number of similar inquiries (home or car loan) and it will only have the same effect as one (in other words, if you apply at 5 different mortgage lenders, all 5 credit inquiries will only count as 1, until the 30 days expire). If this was for a personal loan, credit, or other transaction, then yes, each inquiry will count against your score, but typically the worst credit inquiries can affect your score is 10 - 15 points max. and it would take quite a few to effect your score by even that much. Furthermore, they fall off after only 2 years, so they really have a very minimal effect on your FICO. Hope this helps!
Which banks would give you a loan if your credit score was 220?
The minimum credit score (CIBIL Score) is 300 and if your credit score is 220 so don't worry about it. I am giving some loan companies names that have a less interest rate on the loan amount.Following are some banks that provide you a loan with the lower Credit Score:1. LoanMart2. Bajaj Finance3. Ujjivan4. MudraKwik5. IIFL
Would your credit score be affected if you have your name in title but not in the loan?
Your credit score is only affected if (1) your name is on the loan and (2) you are a primary borrower. However, if there is a loan that is used to secure a title (to either a boat or car), until the loan is paid off, the lender's name is on the title, not yours (unless, of course, you are lending the money that bought the vehicle).
How can one improve their fico score for free?
There are four main ways to improve your FICO Credit Score: 1.Be careful when you decide to open a new account 2.Keep your current or old accounts open 3.Keep all of your debt in control and finally 4.ALWAYS try to make your payments on time.
How much would a auto loan be with a credit score of 658?
it will be $1 please
Is a late model used car loan possible with a 1 year old discharged cptr 7 BR and an average FICO of 695?
Yes, no problem with that.
Do you have to pay money to get your credit score?
No. You are entitled to 1 Free credit report per year. From each of the 3 agencies: Esperian, Trans union, and Equifax. Unlike the 3 free credit reports you can request each year (www.freecreditreport.com), obtaining a FICO score always costs something. Go to www.myficoscore.com to learn more, and to order your FICO scores.
Is it possible to get a credit score 570 and a FICO score of 664?
Yes. There are three (3) credit bureaus and each of them have a different algorithm for computing a credit score. A FICO score is a branded score that comes from Fair Issac Company and is generally used as in input to credit bureau scoring. Having such vastly different scores, however, is more likely to come from having different information in the different credit files. Sometimes lenders only report to two (2) of the credit bureaus, and some only report to one (1) bureau. Your scores are only going to be as good as the data available to the credit bureau. If you are concerned, you may always dispute transaction line items that are incorrect or ask to add items that may not be present. These actions, over time, will bring credit scores closer together.
What are the things that an underwriter looks at when approving you for a home loan?
1) FICO score of 620 or higher 2) credit report 3) income vs overall debts 4) payment history on previous/current debts 5) employment history and length of current employment 6) collateral 7) down payment you are willing to make initially
How can you qualify for FHA loans?
In order to qualify for FHA loans your income needs to be in a certain requirements. Your credit score must be over 500. You also can only have 1 FHA loan at a time.
