How does a 678 credit score rank?
A score of 660 is generally considered the lowest "good" credit score. A 678 is slightly higher, but you'll get better interest rates for your credit with a score in the 700s.
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Answer . 627 is Fair. The range is Very Poor, Poor, Fair, Good, Excellent. So dependig on how much outstanding debt\loans are on your credit report you MIGHT be able to g…et a Secured Credit Card.
Answer . This question is unclear to me, so I'll try to answer the one I think you are asking.. What is the range of credit scores (numerically) and how does a consumer r…ank within that range? There are three different credit reporting bureaus. They each collect information differently. The range of scores is as low as 350 and as high as 850. These numbers reflect, to a fairly accurate degree, a consumer's level of financial risk as perceived by a risk manager. The lower the score, the higher the risk and vice versa. Typically a risk manager will pull all three reports and average the scores to arrive at a fair evaluation based on all the available information..
It's fairly low, although it's above the 620 cutoff between prime and subprime mortgage rates. But you still won't be offered low interest rates with a 658 FICO 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. If you want to learn more about credit scores and how to improve your: Take a look at Phil Turner's Credit Bible. You should find valuable information on fixing and improving your credit.
If a person has a credit score of 720 or above, they are consideredto have excellent credit. The average credit score in the UnitedStates is 720.
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 t…han 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.
The numerical score ranges from 990 to 501 equaling grade ranges from A to F.. 623 is in the D range. That is the Vantage Score, which is not used much in the savings and loa…n industry. A 623 FICO is probably equivalenet to a 700's Vantage Score, which would place you in the "C" range.. I would say that 623 is an adequate score in the sense that you would qualify for an FHA loan (very important if you are seeking a house). Conventional (Non-FHA)mortgages would be more problematic--and would yield relatively high interest rates, thus increasing your monthly mortgage payment.. Improvement in that score is required in order for you to qualify for decent interest rates off of many kinds of loans. 623 disqualifies you from getting the best credit cards and the most substantial credit lines.. Your situation is not hopeless, however.
How does a 661 credit score rank?
A 663 credit score ranks in the middle on the spectrum. A 750 orgreater score is needed for the best interest rates.
I have a score of 811. With a recent refinance, on Sept 22, 2012, a letter from my credit union told me my Equifax credit score was 811. Excerpts: "Your credit score of 811 ra…nks higher than 96 percent of U.S. consumers . . . Scores range from a low of 334 to a high of 818."
APR is based on how much the Merchant charges you. Every merchant has a different APR rating system
522 is a very low credit score. It is probably very difficult if not impossible to obtain any credit with a score that low. The national average is 687. You will need to impro…ve your credit score if you plan on ever having a house, car, credit cards, etc....
FICA scroes range from 300 to 800. The higher the number thebetter. Any score 700 or above is considered good. A score of 639is below average. Here is what all these scores me…an to you. 720 and above: You have excellent credit and will likelybe eligible to receive a lender's most favorable rates. In fact,you're in a position to shop around and demand the best possibleconditions. Lenders will often allow you to borrow more than 80percent of the value of your home, and may not require privatemortgage insurance. You will likely be able to get a home equityloan or line of credit with an interest rate equal to the primerate, or even below it. You can also look for a credit card thatwill reward you with a low interest rate -- while many cards charge18 percent, you should be able to obtain a rate under 10 percent. 675 to 719: Once your credit score dips below 720, you mayno longer be approved for the lender's best rate, but you shouldhave little difficulty finding a good loan. On a 30-year fixed-ratemortgage, expect to pay up to half a percentage point more thansomeone in the top category. If your principal is $150,000, thedifference between 6.5 and 7 percent works out to about $18,000over the life of the loan. 620 to 674 : With a below-average credit score, youroptions will be reduced, and you'll pay a premium on your loan --perhaps as much as 2 percent more than borrowers with excellentcredit. You may need to provide more documentation than those withhigher scores, including a formal appraisal of your home's value.But if you make your payments regularly and work to improve yourcredit score, you should be able to refinance at a better rate,which can save you money over the life of the loan. Below 620 : A credit score under 620 puts you in thecategory of a "sub-prime" borrower. The good news, however, is thatthere are now more lenders offering sub-prime loans than everbefore, with rates adjusted to reflect the added risk. If you areapproved for a mortgage with a credit score this low, you'll likelypay about 3 percent more than someone with excellent credit. Ifyou're looking for a home equity loan or line of credit, expect topay double-digit interest rates. Of course, once again, if you makeregular payments on the loan and get control of other areas of yourfinancial life, you should gradually be able to improve your scoreand qualify for a lower rate. Your credit score can also affect the rate you pay for carinsurance. People with low credit scores are statistically morelikely to make accident claims, and as a result, many insurancecompanies take this into account when they set your premiums. Poor credit may even hamper your job search. While a companyinterviewing you is not permitted to access your score, they areallowed to request (with your written consent) a modified versionof your credit report to see whether you have a history of meetingyour financial responsibilities. Potential landlords may alsoaccess your credit report before you sign a lease.