I don't know that there are any silver bullets that come your way at 800, but you will never be accused of having bad credit... ever. From my own research, it seems that once you cross the 720 threshold, it doesn't make much difference. My wife and I are retired and in the process of purchasing a 3rd home (Arizona for the winters) and found that dealing with lenders is much easier when you have a good score. Mine is 804 while my wife's is 816. What I really want to know is how we could possibly have different scores when everything on our credit report deals with joint accounts. If someone has the answer to this one, please let me know.
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.
Generally your FICO score has to be high to get a fast cash loan. A high score to me would be between 700 and up to like 800. There are companies that I have seen that will help with a score of about 500.
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
Which action will help increase a low FICO score?
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
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.
Generally your FICO score has to be high to get a fast cash loan. A high score to me would be between 700 and up to like 800. There are companies that I have seen that will help with a score of about 500.
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
Which action will help increase a low FICO score?
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.
A FICO score is obtained with information taken from a person's available credit information. The score is sold by the FICO Company to interested financial institutions.
Approximately 20% of borrowers have a FICO score greater than 740.
A score above 800 is exceptional. 749-799 is very good. 670-749 is good. 580 to 669 is fair. 579 and lower is poor.
900 Sorry, 900 is not it Highest FICO score is 850 http://www.myfico.com.
It is hard to qualify for a mortgage with a Fico score of 567. Most lenders, including FHA, require individuals to have a minimum Fico score of 580 to qualify for a mortgage.
The best place to go on the internet for information regarding their FICO score is the website called myFICO. The site provides everything one would need to know about their FICO score.