answersLogoWhite

0

How good is a credit rating of 605?

Updated: 9/15/2023
User Avatar

Wiki User

14y ago

Best Answer

Not very good at all. 650 is decent. 720 and above is excellent.

Anything under 650 means you're going to pay more to borrow money, and have a harder time doing it.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How good is a credit rating of 605?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you obtain a home equity loan on a family home that does not have a mortgage?

Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.


How good is a credit rating of 690?

rather good


How good is a credit Rating of 666?

Horrible


What are the objectives of credit rating?

A credit rating is designed to show an potential lender whether a customer is a good risk. This helps lenders know who is credit worthy by the number associated with their rating.


How good is a 489 credit rating?

I got an apartment with this credit score, actually pretty good.


What are the requirements for the BMO Mastercard?

Requirements for a BMO MasterCard are that one has a reasonably good credit rating. Most credit cards require a good credit rating in order for one to be issued to the applicant.


What is a good mc number credit rating?

B


Is 800 a good credit rating?

Very good. Nearly perfect.


Would closing a credit card damage my credit score?

Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.


Do you need good credit for an auto loan?

For the more expensive cars you will need a good credit rating,you credit rating is a way of letting the lender know how much he or she can lend you with the probability of you paying it back.


Can you get an easy bank loan for a new car?

Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.


How is having good credit beneficial?

A good credit rating allows a person to gain more credit and at preferential rates. This is because lending institutes use a credit rating to establish if a person has a reliable history of repaying money on time.