0
The FICO score ranges from 300 to 850.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the difference between credit score and credit rating?
The difference between credit score and credit rating is simple Credit score (or credit history) is the history of paying back debt where as credit rating the the reputation for paying back money owing
What is a credit score scale?
The credit score scale ranges from 0 to 800. Everything above 720 is considered a good credit score. Below 500 is considered unacceptable.
What is poor credit score rating?
520
Where can one go to get their credit rating score for free online?
There are various websites where one can get a free credit rating score. Some such websites are Equifax, AnnualCreditReport, Credit Karma, and myFICO.
Credit Rating Score and Your Wallet?
People with a lower credit rating score present a higher risk to lenders than those with a higher credit rating score. Therefore, those who present the highest risk will receive the highest interest rates and those who present the lowest risk will receive the lowest interest rates. While this may not seem fair, the bank sees someone with a 650 credit rating score as a higher risk of defaulting on their loan than a person with a 750 credit score. This is because, statistically speaking, those with a 750 credit rating score do default less than those who a 650 score.
What is the difference between credit score and credit rating?
The difference between credit score and credit rating is simple Credit score (or credit history) is the history of paying back debt where as credit rating the the reputation for paying back money owing
Credit Score Scale?
Credit scale is a simple rating system giving numbers to credit depending on a number of factors. A lot of scales you will find on the internet start near 300 (poor) and go up to 850 (perfect)
What is a credit score scale?
The credit score scale ranges from 0 to 800. Everything above 720 is considered a good credit score. Below 500 is considered unacceptable.
What is poor credit score rating?
520
What number is a score?
A credit score is a credit evaluation rating. The British use score to mean the number twenty, as well.
Where can one go to get their credit rating score for free online?
There are various websites where one can get a free credit rating score. Some such websites are Equifax, AnnualCreditReport, Credit Karma, and myFICO.
Credit Rating Score and Your Wallet?
People with a lower credit rating score present a higher risk to lenders than those with a higher credit rating score. Therefore, those who present the highest risk will receive the highest interest rates and those who present the lowest risk will receive the lowest interest rates. While this may not seem fair, the bank sees someone with a 650 credit rating score as a higher risk of defaulting on their loan than a person with a 750 credit score. This is because, statistically speaking, those with a 750 credit rating score do default less than those who a 650 score.
Are there services online to help me find my current credit score rating?
There are services online to help you find your current credit score rating. You can go to MyFico.com or www.experian.com/credit-education/basics.html.
What is a high credit score rating?
A high credit score rating means someone is in good standing credit wise. They are prompt in payments and always pay payments in full. A good credit score is sought after by many people, because its a mark of a responsible person.
How long does it take for credit score to go up in rating after paying off debt?
How long does it take for credit score to go up in rating after paying off debt?
How do you score a 1000 for your credit rating?
You can't score a 1000. The highest your FICO score can go is 850.
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.
