Good credit scores
What is considered a GOOD credit score?The range of FICO credit scores is from about 300 to 850. They exhibit a left-skewed distribution, with a median around 725. A score above 720 is considered to be "good credit."For other credit reporting agencies the range is as follows: A score of 650, or above, is a sign of very good credit. It is a very good credit score. People, with scores of 650 or higher, have a good chance of obtaining quality loans, at the best interest rates. Scores of 620 to 650 indicate good credit. However, it also points to potential trouble areas creditors want to examine and review. In these cases, a lender may require additional documentation, before approving a loan. Scores below 620 do not prevent obtaining a loan. However, the process is lengthier, and more involved. Creditors consider scores, under this threshold, as an indicator of greater credit risk. A score below 600 is considered to be poor. Good credit scores.In adherence to the Freedom of Information Act (FOIA), people access their credit scores, on demand (though usually at a cost). Many online services exist, allowing people to check credit scores over the Internet. What considered good credit score?Free credit reports are accessible to all Americans, regardless of where they live. What considered good credit score? Beyond credit scores.Recently, some credit reporting agencies have been generating insurance scores. Insurance companies use them to rate the quality of potential customers.Xanga Myspace LiveJournal | free pics images | free My space Backrounds |