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What is the worst credit score that a person can have and still get a loan?
Wiki User
∙ 12y ago
500 is about the lowest score one can have and still get a loan. Although, the interst rates will be very high but one will have little choice with such a low score that they will not find a better offer.
Wiki User
∙ 12y ago
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Is a co-signer's credit better than the credit of the person listed 1st on the loan?
Lenders look at the middle credit score of the person with the worst credit score and not the person with good credit. You can get a free credit report from www.freecreditreport.com every 12 months from all 3 credit agencies. Look for any duplicate or erroneous items on your credit report and dispute them.
Is 787 a good credit score?
The credit system is rated on a numerical system with the lowest numbers being considered the worst. Any score over 720 is considered an excellent credit score, so yes 787 would be an exceptional credit score.
What are the ranges for credit scores?
The range of the credit or "FICO" score is from 300-850. 300 would be the worst and 850 being the best.
If two people apply for loan and one of the persons has bad credit while the other has good credit does the creditor average the credit out or do they go with the one with the best credit or the worse?
Most investors look at the middle score of the person with the worst credit. Both borrowers are considered, but the borrower with the lowest credit will have a big impact on the underwriting decision and the interest rate you get.
What is the worst credit score possible?
The FICO range in the US is 250 - 850. Most lenders will be happy to lend you dough if your score is above 750 (i.e. "excellent", according to Fair Isaac) and you'd be considered sub-prime is your score is under 650.
If your credit score is approx 412 but you have a cosigner with perfect credit can you buy a home?
The bank looks at the middle score of the person with the worst credit score which is the person with the 412. And with the lenders are being more strict on home loans, it will be difficult to approve. You may want to repair your credit or hire a reputable firm in the BBB to repair your credit.
Is a co-signer's credit better than the credit of the person listed 1st on the loan?
Lenders look at the middle credit score of the person with the worst credit score and not the person with good credit. You can get a free credit report from www.freecreditreport.com every 12 months from all 3 credit agencies. Look for any duplicate or erroneous items on your credit report and dispute them.
Is 787 credit score good?
The credit system is rated on a numerical system with the lowest numbers being considered the worst. Any score over 720 is considered an excellent credit score, so yes 787 would be an exceptional credit score.
Is 787 a good credit score?
The credit system is rated on a numerical system with the lowest numbers being considered the worst. Any score over 720 is considered an excellent credit score, so yes 787 would be an exceptional credit score.
What are the ranges for credit scores?
The range of the credit or "FICO" score is from 300-850. 300 would be the worst and 850 being the best.
How can I improve my changes of getting approved for a credit card?
You can start by never paying over your limit on a credit card. You will have a good credit score that way and will always be approved. If you do go over your limit and fail to pay back the debt in time, your credit score will get worst.
If two people apply for loan and one of the persons has bad credit while the other has good credit does the creditor average the credit out or do they go with the one with the best credit or the worse?
Most investors look at the middle score of the person with the worst credit. Both borrowers are considered, but the borrower with the lowest credit will have a big impact on the underwriting decision and the interest rate you get.
What is the worst credit score possible?
The FICO range in the US is 250 - 850. Most lenders will be happy to lend you dough if your score is above 750 (i.e. "excellent", according to Fair Isaac) and you'd be considered sub-prime is your score is under 650.
What state has the worst credit rating?
Illinois has the worst credit rating in the Uninted State of America!
Is a 593 credit score good?
If that's a credit score or FICO score: then it's fair (not really good, not the worst). How do I improve so I can lower my mortgage and buy my daughter a car In 2009, in actuality, 593 is an inadequate credit score for most credit products. Many banks require at least a 620; many more require an even high score. The way to improve it is to continue pay your bills on time, don't miss ANY payments whatsoever, go over your credit report to make sure there aren't any accounts that are not yours, dispute the ones that are not yours, obtain a secured credit card and pay it ON TIME each month, and PAY YOUR BILLS ON TIME.
Is 8 a high reading list score for a 8th grader?
No that is not that is the worst score.
Can you rent and apartment with a 630 credit score?
Absolutely. 630 is not the worst score in the world. Depending on where, a landlord may ask your for a larger security deposit or for a guarantor that will guarantee your payment. It also helps to show pay stubs, tax returns, and letters of employment.
