Just curious on what kind of number is a good credit rating?
2007-02-27 10:11:51 · 6 answers · asked by CC 1 in Business & Finance ➔ Credit
Anything below a 630-610 is looked at as below average by lenders in general, it varies by the type of loan and rates given.
On average, the public is about 670. If you are above a 780, you can buy about anything, depending on your stability.
2007-02-27 10:25:42 · answer #1 · answered by AJ 4 · 1⤊ 0⤋
Anything above 750 is considered by most lenders a good credit score.
Lenders use credit scores to determine if you are a good risk for new credit, whether to increase or decrease your existing line of credit, how easy it will be for a creditor to collect money owed them and even a person's likelyhood of filing for bankruptcy.
The Credit Score does not only determine if you will get a loan but will also determine what interest rate you will receive.
2007-02-27 10:41:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have talked to exactly ONE self-made millionaire in my life. His credit score is "We are unable to fill your request for your credit score at this time. You must have at least on open account to compute a score."
No debt = no credit score.
2007-02-27 11:37:41 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Anything above 650 is good, and 700 plus is excellent.
2007-02-27 10:14:56 · answer #4 · answered by Ted 6 · 0⤊ 0⤋
you should be aiming over 600... even though mine is bad.. it was gone once upon a time before an stupid ex boyfriend didn't pay on the stuff i co signed for him. but whatever...
2007-02-27 10:15:07 · answer #5 · answered by Mommy2Two!! 4 · 0⤊ 0⤋
My score is 420. I'm proud of that.
2007-02-27 10:14:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋