The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.
yes, anything below 650 is not good.
650 is an OK score, a little on the low side, but OK.
A credit score rating is not hereditary. If your parents have bad scores, it doesn't affect you, unless they are deadbeats and applied for a loan under your social. You build your own credit score, which under 650 is generally considered poor.
425 is a bad credit score.
The loan rate you get depends mainly on how good or bad your credit score is. Historically, people with a 750 credit score default on their debt obligations 2% of the time, while people with a 650 credit score default on their debt obligations 15% of the time. So, the other 85% of people with a 650 score must pay for the 15% who do default through higher interest rates. Finding out what your credit score is and how you rank among other consumers is the first step to determining what type of loan rate you can expect to receive.
This is a fair credit score.
Yes.
583-619 is bad credit score in credit score range
most credit card companies that lend to "Prime" consumers like to see a credit score of 650 or higher... any score over750 is considered excellent
Credit score that is around or more than 700 is considered to be good and score below 500 is considered to be bad. It is always advised to constantly monitor your credit score.
I would consider anything over 750 score an excellent credit rating 650 score good 620 - 650 score average anything below, needs some improvement by reducing debt and paying on time
If is difficult for you to get a lease with bad credit, due to the fact new car dealers require a much higher credit score, usually 650 and higher to qualify for a lease. But you can always finance a used car relatively easier.