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It basically means that people who have bought something or borrowed money are repaying loans in the correct time line, to the correct value and are not over stretching their capacity to repay.

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13y ago

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What is a credit score of 642 mean?

Fair credit..not good not bad


What is the maximum amount you can charge on a credit card called?

Assuming you mean as a customer - that's called your credit limit.


What does credit limit mean?

Limited credit experience means that a person does not have much in the way of credit history. This means that a person has used credit as payment in the past, but not to a great deal.


What does limited credit experience mean?

Limited credit experience means that a person does not have much in the way of credit history. This means that a person has used credit as payment in the past, but not to a great deal.


What does a credit rating of A mean?

Means the person with the A rating is trustable


What does a 667 credit score mean?

I dont know what exactly 667 is but a credit score is rated on how good your credit/debit card use is, EG: your credit score is Good


What does a credit score of 690 mean?

it means good


What does it mean to establish credit?

if something ever happens to the person witht he credit then the creditor takes care of it.


Can you have a second person on a credit card?

It depends what you mean by a second person. Typically on and existing credit card you can add people who are authorized to use the card. You can also request for credit under more than one person's name.


What is mean by credit return?

A credit return is when you get your funds returned to you after already paying for something. Credit returns are also sometimes called refunds.


What is considered a good credit score?

650 and above is considered very good. 620-650 is considered good (average FICO score) in some cases there might be a problem with large loans. 620 and below is considered a credit risk, that does not necessarily mean the person cannot obtain credit. It means it is likely the amount and terms of credit would differ significantly than offers made to someone with a higher score.


Is a credit score of 453 good?

650 and above is considered very good. 620-650 is considered good (average FICO score) in some cases there might be a problem with large loans. 620 and below is considered a credit risk, that does not necessarily mean the person cannot obtain credit. It means it is likely the amount and terms of credit would differ significantly than offers made to someone with a higher score.