What is an excellent credit score range
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Excellent Credit – a credit score tells an underwriter a great deal about a borrower. Lenders take a close look at FICO scores. FICO stands for Fair Isaac Credit Organization, the organization that developed the formulas used by credit bureaus to calculate credit scores. (Go to www.myfico.com to learn more.) Lender Basics
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Range. What does this mean? Very Poor Credit . Poor Credit . Fair Credit . Okay Credit . Good Credit . Excellent Credit . ... Excellent Credit Score (710): Fair Credit Score (620): Applying to Rent an Apartment. Excellent Credit Score (710): Fair Credit Score (620): Getting a Car Loan.
[DOC File]PREFERRED LENDER PROGRAM
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Our internal credit presentation, including the scoring and rating determination of the borrower which evaluates credit risk factors and establishes a score in the following range: Description Score Prime 1 Good 2 Average 3 Below Average 4 Poor 5 Not Acceptable 6 Loans submitted for a guarantee will typically score 3 or 4.
[DOC File]Credit scores explained - Plain Local Schools
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A credit score number is often called a FICO score, for Fair, Isaac and Co., the California company that developed the system upon which it is based. ... Scores range from the 300s to about 900, with the vast majority of folks falling in the 600s and 700s. ... only exacerbates the process. If you have very good or excellent credit, you know you ...
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