A credit score is looked at to see if you can obtain a loan or get financed for a house, car, etc. It is important to try and keep your credit score as high as possible.
In order to obtain a bad credit loan a person has to have a credit score is 620 anything below that would be considered high risk.
A high credit score means that you have great credit. A high credit score of over seven hundred can help you get a better interest rate on a loans like mortgages.
Yes, it is possible to obtain an aqua credit card with just a fair credit score, though it's easier if you have a good score.
To find your credit score, go to a site such as freecreditreport.com. You want a HIGH credit score, NOT low. The best cards for high credit score are Chase Freedom Visa, Citi Platinum Select MasterCard, and Citi Diamond Preferred.
A credit score of 783 is quite good and will produce some of the lowest interest rates possible. Those with high credit scores are considered to be low risk but may not be as profitable as lower ranked individuals.
Yes, it is possible to have a credit score even though you don't currently have any credit cards. If you have ever applied for credit of any type then you are likely to have a credit score.
It is possible but your interest rate may be very high.
A credit score of 800 is very good and will net some of the best credit offers. A maximum score of 850 is possible on the FICO credit scoring system.
It depends on the Credit Reporting Agency because they all use varying models. The maximum FICO score is 850. The maximum VantageScore (a new score now used by Experian, among others) is 990. For FICO, the highest possible credit score is 850, but anything above 700 is really good. Below 620 you are considered a serious credit risk and will pay high interest rates on any loans, credit cards, etc. you can get.
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.
A credit report basically contains information about your credit history, whereas Credit score is a number which is generated on the basis of your credit report. Score totally depends upon one's credit record, if history is good, credit score will be high. I always check my credit score free at Freecreditscore.com.