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650 is considered reasonably good, but some lenders will be reluctant as to terms and amounts of credit lines, as the consumer would be considered a possible risk. Any score below 650 is considered a definite risk, which does not mean the consumer cannot obtain credit, but it can be difficult. The terms of any agreement will not be "borrower friendly" mening high interest and penalties. and a very limited credit amount.

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โˆ™ 2005-09-09 12:52:41
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Q: Is a credit score in the 620 range good or bad?
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What is a good range for your credit score?

Credit scores of 620 and lower are average to sub-par. When your credit score reaches the 700s it begins to be considered good credit with about 750 being excellent


Is the score 620 poor fair or good for 2013?

A 620 credit score hinges on poor.


620 credit score?

There is nothing called as good credit score or bad credit score. It all depends on what kind of financial product you are applying for and how aggressive the banks are to which you have applied.


Is 215 a good score?

If you are talking about credit score, understand that I am not a credit expert, but since a credit score of 620 is bad, 215 would be a terrible credit score. If this is for a test like the SAT, this is also horrible. The average score of the SAT is about 500, and even that isn't that good of a score.


Is a 567 credit score good or bad?

A 567 credit score is not terrible but there is room for improvement. For loans a credit score around 620 Ã? 640 is fine, depending on the company.


Is 577 a bad credit score?

577 is a fairly poor credit score. To have a credit score that is acceptable, you want your score to be between 620-680.


What is your credit score when you turn 18?

620


What is the fha credit score minimum?

620


What is a good credit rating score?

650 is considered very good, meaning creditors will be making you offers, good ones. 650-620 is good, everything under 620 is considered risky, the amount of risk correlating with the score itself.


How high does your score have to be for approval on an apartment rental credit check?

Credit scores range from 300 to 850. The average credit score is 678. A score under 620 would put you in the higher risk category, where you may not qualify to rent the apartment.


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.


Is a credit score of 453 good?

650 and above is considered very good. 620-650 is considered good (average FICO score) in some cases there might be a problem with large loans. 620 and below is considered a credit risk, that does not necessarily mean the person cannot obtain credit. It means it is likely the amount and terms of credit would differ significantly than offers made to someone with a higher score.


What is considered a good credit score?

650 and above is considered very good. 620-650 is considered good (average FICO score) in some cases there might be a problem with large loans. 620 and below is considered a credit risk, that does not necessarily mean the person cannot obtain credit. It means it is likely the amount and terms of credit would differ significantly than offers made to someone with a higher score.


What credit rating number would a loan officer considered bad credit?

Credit scores range from 300 to 850. Generally a loan officer would consider a score below 620 to be a sub-prime, or bad score.


What is the average credit score needed for a home loan?

The average credit score need to purchase a home is 620.


Is a credit score of 620 good?

Unfortunatelly it's not nowdays. Check the related link for more information and a video.


What is the lowest a cosignee's credit score can be?

Most lenders prefer a cosigner to have a credit score of at least 620. However, cosigners with a credit score of 720 or above is always preferred.


How do you make a 455 credit score to a 620?

Get a job for 6 months and then buy a car!! you will have high interest but its gonna help your credit score...


Can you get car loan with a 620 credit score?

Scores range from the low 400s to well past 800. The higher the score, the better the credit rating. Most lenders use a break of somewhere around 620 as the determining factor of a regular loan versus what is called a "sub prime" or higher-risk loan. Some lenders will not extend credit to people with under 620 credit scores and other lenders will offer those loans, but at a higher interest rate.


Is 666 a good experian credit score?

Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating.


Where can you get a FHA home loan with poor credit?

You cannot get an FHA loan if your credit score is below 620, since it is backed by the government, they have very strict guidlines on the process. However, if you work with a mortgage lender that does FHA, often times they have "credit rescoring" prgrams that will tell you exactly what you need to do to get your score to the 620 that you need. Once you do what they need, they can do a rescore and it will raise you credit. Good luck!


Do prepaid credit cards improve your credit score?

No prepaid credit cards do not increase your credit score. What you need is understand on how the credit score system works. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating. If you want to learn more about credit scores and how to improve yours: Take a look at Phil Turner's Credit Bible. You should find valuable information on fixing and improving your credit.


Is a credit score of 584 bad?

It is not good! First find out exactly why your score is 584 and try to increase it, I like Phil Turner's course called The Credit Bible for information on increasing your credit score. You probably should apply for a secure credit card in order to build your credit score and you will find tips on this in the course I recommended above. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating. First find out exactly why your score is 640 and try to increase it, I like Phil Turner's course called The Credit Bible for information on increasing your credit score. You probably should apply for a secure credit card in order to build your credit score and you will find tips on this in the course I recommended above. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating.


How bad is a 555 credit score?

It is not good! First find out exactly why your score is 555 and try to increase it, I like Phil Turner's course called The Credit Bible for information on increasing your credit score. You probably should apply for a secure credit card in order to build your credit score and you will find tips on this in the course I recommended above. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating.


Is a credit score of 697 good enough to get a mortgage?

Generally, FHA credit score requirement is 620-640, and 660 for a conventional loan, so yes. The rest depends on your income, debt to income ratio, and down payment.