0
FICO is one of three major organizations that keep track of an individual's credit history. FICO's scoring system runs from 300 to 850. Although a score of 500 or lower may not cause someone to be denied credit, it is considered below average by most lenders. If you are denied credit, FICO is required by law to provide a free copy of your report.
Still curious? Ask our experts.
Chat with our AI personalities
Ross
Lao
EzraAdd your answer:
Earn +20 pts
What type of a FICO score do you need to get approved for a fast cash loan?
Generally your FICO score has to be high to get a fast cash loan. A high score to me would be between 700 and up to like 800. There are companies that I have seen that will help with a score of about 500.
What is the difference of the fico score and vantage score?
For starters FICO is scoring range is 300 to 850 Vantage is from 500 to 990 no one in the mortgage industry uses Vantage for more information check out www.thecreditguy.tv
How long will it take you to increase your FICA score from 528 to 580 to get 100 financing on a mortgage?
Fico score ( credit score ) depends on a lot of issues ... pay your monthly payments on time .. For credit cards and everything pay them on time and well then again i would say that below 500 nothing happens .. above 500 of score everything is possible .. you need to contact a brooker .. they can get things done
What are the historical default rates classified by FICO score?
... ICO says consumers in my score range of 750-799 have a delinquency rate of 2 percent. But FICO scores below 500 have an 83 percent default rate, 500-529 shows a 72 percent delinquency rate, in the 550-599 range there is a 52 percent probability of delinquency, 600-649 scores show a 31 percent delinquency rate, and 650-699 have a 15 percent delinquency rate. Over 700 the delinquency rate drops to 5 percent up to 749. If your FICO score is 800 or over, you have a 1 percent delinquency likelihood ... from http://vfconsulting.blogspot.com/2005/07/abcs-of-credit-reports.html
Is a fico score of 728 a good or excellent score?
Yes, its a great score!!! Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating.
