Wiki User
∙ 12y ago600
Wiki User
∙ 12y agoIn general terms, any score above a 740 score is considered excellent. However, every lender sets their own standards and their own tolerance for risk. At this time many lenders will consider that 650 is the point between what most consider a prime and sub-prime lender. What is considered a good score will be different for different lenders. Auto lenders like to see scores above 700 while a FHA mortgage lender likes to see a score of at least 640 for the best interest rates.
Most lenders require at least a 640 credit score for a mortgage.
Absolutely. If your credit history is negative and your scores are low as a consequence, lenders will consider you a higher risk. If your credit score is, for example, 680, a lender will charge you a higher interest rate than someone with a credit score of 750.
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
Most lenders prefer a cosigner to have a credit score of at least 620. However, cosigners with a credit score of 720 or above is always preferred.
yes mortgage lenders do consider rental history source of your credit score
In general terms, any score above a 740 score is considered excellent. However, every lender sets their own standards and their own tolerance for risk. At this time many lenders will consider that 650 is the point between what most consider a prime and sub-prime lender. What is considered a good score will be different for different lenders. Auto lenders like to see scores above 700 while a FHA mortgage lender likes to see a score of at least 640 for the best interest rates.
Most lenders require at least a 640 credit score for a mortgage.
Absolutely. If your credit history is negative and your scores are low as a consequence, lenders will consider you a higher risk. If your credit score is, for example, 680, a lender will charge you a higher interest rate than someone with a credit score of 750.
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
The chances of getting a personal loan with a bad credit score are generally lower compared to having a good credit score. Lenders consider credit scores as a key factor in loan approval decisions. With a bad credit score, you may still qualify for a loan, but you might face higher interest rates, stricter terms, or the need for a co-signer or collateral to secure the loan. Exploring alternative lenders, improving your credit score, or seeking a co-signer can improve your chances of obtaining a personal loan despite bad credit.
Most lenders prefer a cosigner to have a credit score of at least 620. However, cosigners with a credit score of 720 or above is always preferred.
Very low risk to lenders. (96.68 score rank).
Go to whogavemecredit.com should answer your question
No, checking your own credit score is called a "soft inquiry" and will not affect your credit score. Only "hard inquiries" - those from potential lenders affect your score.
No, but it will if any of them decide not to lend to you.
For a business loan, your personal and business credit scores (if relevant) are taken into consideration. Lenders will commonly accept a business credit score of 75 and above (primarily based on 1 to 100) and a personal score of at least 640.