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2006-10-08 10:40:07 · 2 answers · asked by jpinolero 1 in Business & Finance Credit

2 answers

FICO scores range from 300-850. 850 of course being perfect credit and 300 being horrible. Depending on what kind of loan one is looking for, mortgage rate, automobile rate, consumer rate, credit card rate, the rate offered to the borrower will most likely be higher to people with less than swell FICO scores. The median FICO score in the United States is 723. Most homebuyers will need to have a score within the 600-800 range to get a decent mortgage. People with lower FICO scores can often still get a loan however the rates might be considered almost usurous.

2006-10-08 10:58:10 · answer #1 · answered by SunFun 5 · 2 0

Under the current scoring system scores range from 300 to 850.

This site has many reports that will most likely answer most of your questions -- www.paynotaxesforlife.com

2006-10-08 17:45:57 · answer #2 · answered by Pay No Taxes For Life 2 · 0 0

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