Fico Score Range - 0 views

• 
  #1 Christian Beasley on 26 Feb 12

   

  credit scoreA credit score or FICO score starts range from 300 to 850 and that is computed by keeping details of how perfectly a being disburses his charges. If you fall into the 620 to 720 credit score range you are considered to be fair. Loans will be tougher to get and the interest rates won't be great. At this point you may need to take steps to increase you credit scores.
  
  A score in the range of 619 to 350 is a poor credit rating. Of course the lower you go the worse it gets. If you are still around 600 you may be able to get a loan. It will have additional restrictions, will likely require a co-signer, and the interest rates will be very high.
  
  The good news is that your scores are always changing. If you find that you are in the lower credit score ranges you can work to make improvements. Begin by paying your bills on time every month. This will begin to add positive items to your reports. Over time negative items will come off your reports, but you need to make sure that you're not adding more. It may also help to take a course and learn more about how to improve your credit. Best of luck!
  
  A FICO score is a reliable way for credit evaluation that has been widely accepted by most lenders. It was developed in the late 1950s by Fair Isaac & Co. and the Federal Trade Commission find this credit score to be acceptable. Through this method, the credit history of the borrower is condensed into a single number. FICO score range is between 300 and 850.
  
  Good and Acceptable FICO Score Range
  
  A FICO score that?s above 750 is excellent while the scores ranging from 720 to 750 are rated to be very good. If you have an excellent rating some lenders give better rates or discounts.
  
  FICO scores that range from 680 to 699 are good. This means you can qualify for a normal loan. The rating is still okay or acceptable if your FICO scores range from 620 to 679. Some lenders won't deny your credit or loan application but surely, the terms and offers will not be as generous if your score was higher. However, you are still considered a low risk loan candidate.
  
  Low FICO Score Range
  
  A FICO score ranging from 580 to 619 will make brokers and banks love you. Wondering why? Simply because that is an uncertain score where bad credit usually starts. Lenders are still willing to grant your loan, but on their own terms and conditions. And it means that they earn big commissions from giving you much more costly loan.
  
  Bad or Risky FICO Score Range
  
  The real problem starts with a FICO score ranging from 500 to 580. With this score, your credit rating is bad. You can get your loan but you surely won't like it. Consider taking that loan anyway, since that can be the beginning or the foundation of your fresh start.
  
  If you attain a FICO score of 499 and below, you are unfortunately in serious need of assistance. If there are lenders who are willing to get you a loan, the terms will simply be too brutal.

   

  <div class="cArrow"> </div><div class="cContentInner"><a href="http://credit-score-range.org" rel="nofollow">credit score</a>A credit score or FICO score starts range from 300 to 850 and that is computed by keeping details of how perfectly a being disburses his charges. If you fall into the 620 to 720 credit score range you are considered to be fair. Loans will be tougher to get and the interest rates won't be great. At this point you may need to take steps to increase you credit scores.<br /><br />A score in the range of 619 to 350 is a poor credit rating. Of course the lower you go the worse it gets. If you are still around 600 you may be able to get a loan. It will have additional restrictions, will likely require a co-signer, and the interest rates will be very high.<br /><br />The good news is that your scores are always changing. If you find that you are in the lower credit score ranges you can work to make improvements. Begin by paying your bills on time every month. This will begin to add positive items to your reports. Over time negative items will come off your reports, but you need to make sure that you're not adding more. It may also help to take a course and learn more about how to improve your credit. Best of luck!<br /> <br />A FICO score is a reliable way for credit evaluation that has been widely accepted by most lenders. It was developed in the late 1950s by Fair Isaac & Co. and the Federal Trade Commission find this credit score to be acceptable. Through this method, the credit history of the borrower is condensed into a single number. FICO score range is between 300 and 850.<br /><br />Good and Acceptable FICO Score Range<br /><br />A FICO score that?s above 750 is excellent while the scores ranging from 720 to 750 are rated to be very good. If you have an excellent rating some lenders give better rates or discounts.<br /><br />FICO scores that range from 680 to 699 are good. This means you can qualify for a normal loan. The rating is still okay or acceptable if your FICO scores range from 620 to 679. Some lenders won't deny your credit or loan application but surely, the terms and offers will not be as generous if your score was higher. However, you are still considered a low risk loan candidate.<br /><br />Low FICO Score Range<br /><br />A FICO score ranging from 580 to 619 will make brokers and banks love you. Wondering why? Simply because that is an uncertain score where bad credit usually starts. Lenders are still willing to grant your loan, but on their own terms and conditions. And it means that they earn big commissions from giving you much more costly loan.<br /><br />Bad or Risky FICO Score Range<br /><br />The real problem starts with a FICO score ranging from 500 to 580. With this score, your credit rating is bad. You can get your loan but you surely won't like it. Consider taking that loan anyway, since that can be the beginning or the foundation of your fresh start.<br /><br />If you attain a FICO score of 499 and below, you are unfortunately in serious need of assistance. If there are lenders who are willing to get you a loan, the terms will simply be too brutal.</div>

  ...

  Cancel

To Top