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FICO defines a good credit score as one that falls between 670 and 739, whereas anything above 800 is considered excellent. FICO credit scores between 580 and 669 are considered fair, and those ...
An 800 credit score is considered “exceptional” by FICO and is in the highest tier of scores. As long as you meet the lenders’ other requirements, your score is high enough to qualify for ...
Banks cater to borrowers with good or excellent credit scores. They offer larger loans and terms that range from 24 to 72 months in many cases. ... Many lenders provide same-day or next-day ...
Lenders contend that widespread use of credit scores has made credit more widely available and less expensive for many consumers. [2] [3] Under the Dodd-Frank Act passed in 2010, a consumer is entitled to receive a free report of the specific credit score used if they are denied a loan, credit card or insurance due to their credit score. [4]
A good FICO score can help you qualify for lower interest rates and better loan terms. Your credit score ... 800-850: Excellent credit score. ... Revolving accounts include credit cards and home ...
Fair (580 to 669): Fair credit scores are below average, and they show lenders you present a certain level of risk. However, you may still get approved for credit cards or loans with a fair credit ...
Versions 8 and 9 of FICO scores are similar, but FICO score 9 is generally considered the more forgiving of the two for a few reasons: With FICO 9, third-party collections no longer hurt your ...
How your credit score affects your chance of getting a personal loan. Having a good credit score — either a FICO score of 670 or a VantageScore of 660 — will show lenders that you know how to ...
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