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Credit Score Basics

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Question
What is considered a good credit score?

Answer

 Credit scores are generated based off all the factors on a person's credit report.

 

700+ scores are usually good enough to buy a house or get a good interest rate on a loan.

625 is the average residential renter’s score

550 and under is often a critical indicator of non-payment.

No credit score indicates someone has not established a sufficient credit payment history or their credit accounts have become inactive.


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Views: 1311 Created on: May 01, 2015
Date updated: May 01, 2015
Tagged: credit score


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