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
750 up
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
Paying your bills late is not a crime. It is, however, an indication of your payment habits. As such it is reflected on your credit reports. A 90-day delinquency of any amount would have a significant impact on your excellent credit rating.
A high fico score means you could have anywhere from a good credit rating to an excellent credit rating. If you have a high fico score, it means you pay your bills on time with no late or missing payments.
Bond credit rating is used to assess the credit worthiness of a corporation or government's debt issues. A bond credit rating is similar to a credit rating that an individual person receives.
750 up
It depends on your credit rating. If you have an excellent credit rating then you will be able to get a low rate from HSBC auto finance. If you have a lower credit rating your interest rate will be higher.
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
Line of credit pre-approvals depend on the individual applying for credit. With an excellent credit rating or sufficient collateral, pre-approval chances are favorable.
Paying your bills late is not a crime. It is, however, an indication of your payment habits. As such it is reflected on your credit reports. A 90-day delinquency of any amount would have a significant impact on your excellent credit rating.
The average range of car interest rates will vary depending on your credit rating. Someone with an excellent rating should be able to get an interest rate of 2.99%. Those that have a bad credit rating could be quoted rates as high as 19%.
A high fico score means you could have anywhere from a good credit rating to an excellent credit rating. If you have a high fico score, it means you pay your bills on time with no late or missing payments.
Which among these is a credit rating ?
Bond credit rating is used to assess the credit worthiness of a corporation or government's debt issues. A bond credit rating is similar to a credit rating that an individual person receives.
Here is an excellent guide to outline how loans might affect your credit score. http://www.moneysavingexpert.com/loans/credit-rating-credit-score It also offers a Credit Checker tool which could prove very useful.
a poor credit rating would be 0
A BCA isn't based exclusively on your credit rating. The lender considers several factors to find out your approval. Therefore there is no need that you should have good-to-excellent credit to be able to get an advance.