is 653 credit score consider a good credit?

Answer 1

Generally, this would be regarded as an average score - not bad, but not great either. However, to get good interest rates and quality loans, you need to have around a 700-750. If you have made all payments on time, and have never filed bankruptcy or had any other type of delinquincy on your credit, then this lower score is usually caused by lack of succifient credit history (5 years of history is preferrable by most lenders), or a high ratio of debt to available credit. If you're on time with payments and have no other mishaps on your credit, don't worry, your score will go up over time as you establish more history. Otherwise, if you owe a lot of money in relation to your available credit, then try consolidating your bills to one credit card or loan and you'll be surprised how much your score will jump by just doing that.

Answer 2

Car financing is different from mortgage or personal loan financing. There are at least 15 credit scoring models for car financing as well as for mortgage financing. Most car manufacturers and dealerships use Experian. A credit score of 653 is good by any standards. Car dealerships are notorious to pull your credit alot. It is not like going to a mortgage broker and they run your credit 1time. The mortgage broker sends the credit to their lenders. Whereas, car dealers will pull your credit and just send your application to say 10 lenders until one lender will say they will fund the car purchase. Tell your dealer's finance manager that you want your credit ran one time only and stress it. If he tells you it isn't up to him but the lenders make the rules tell him to pound sand. Or if he says it won't hurt your score it tell him it will. Your best bet is to go into a dealership through a credit union or your local bank with a pre-approval this way you cut out the finance manager all together. It is like you are paying cash. They will give you many extras for free.

Answer 3

Better then some! Keep going! Your credit score is your live! Make it better every thing you can do, to get it higher. The better your score, the more stuff you have! Also the newer stuff you have! If you want a "Used Car" all your life, then stay at 653! If you want a new "2007 F250 Ford truck" then work to get your credit score as high as you can get it!

Answer 4

Speaking as a nationally known personal credit score expert (book, radio shows, newspaper column)...

That score is a little below average and is considered a "fair" score, not a good one. There are lots of ways to raise scores rapidly withOUT deleting negative credit.

Answer 5

It's considered fair, not great or excellent. Work on trying to get it a little higher for best interest rates.

Answer 6

only if you don't ever want to have credit without it being secured by collateral. got to get it up to 700 at least.

Answer 7

I sincerely know of a trusted personal loan lender, Check them out: [e-mail]

Answer 8

you need to work on getting it up past 700, to maybe get a better interest rate on different cards...750 would be good!

Answer 9

Apply now for your business and christmas loan.
[e-mail]
[e-mail]

Answer 10

average to low...