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Credit score ranges are interpretted differently by different lenders. There are three major companies that gives scores and most lenders will look at all three to get a range. Generally, if you have a score that is 700 or greater you would have "good" credit. Anything lower than 620 would be considered "high risk".
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYou will end up paying much more for your investments because the lower your credit score the higher your interest rate. If you are able to get a loan at all.
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Does home loan modification effect your credit score?
No. Neither requesting, nor receiving, a home loan modification of your mortgage will have any impact whatsoever on your FICO, or credit score. Making payments on time affects your credit score. See more:
What is the average credit score needed for a home loan?
The average credit score need to purchase a home is 620.
Is 650 a bad credit score?
The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.
Can you get a home depot project loan with a credit score of 620?
It is possible to get a Home Depot project loan with a credit score of 620. Home Depot will pull a credit report to determine eligibility of a credit loan.
What should my credit score be to get a home loan?
The higher the credit score you have, the better chance of being approved for a home loan. You may still get a home loan on a lower score, but the payments and interest will be higher.
If you have a credit score of 604 can you buy a home with this score?
Each mortgage company or bank will have their own requirements. In addition to a credit score, there are other factors such as income. A credit score of 604 may be high enough to get a home with a high interest rate.
Is credit score 606 good?
A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.
Can I get credit from Home Depot?
Yes home depot does have a credit card for its company but it does depend on your credit score and your credit history on if you can get the credit card
Can you get a Home Depot credit card with a credit score of 660?
yes
Does home depot give out credit?
Yes home depot does have a credit card. But it does depend how your credit score and your credit history on if you can actuallly get a home depot credit card
How does foreclosure impact my credit score?
Foreclosure can have a drastic effect on your credit score. Your credit rating decreases with missed payments on your home, as well as other bills. In addition, the foreclosure itself can lower your score by over 100 points. In addition, a foreclosure can stay on your record for seven to ten years. Forclosure can and will have a very negative impact on your credit score. This is an unfortunate by product of the recent economic crisis.
Can you get a home equity line of credit with a credit score of 653?
Yes. A home equity line of credit is based more upon the equity on your home, not so much upon your credit score. Plus, 653 ain't so bad.
