answersLogoWhite

0

Credit scale is a simple rating system giving numbers to credit depending on a number of factors. A lot of scales you will find on the internet start near 300 (poor) and go up to 850 (perfect)

User Avatar

Wiki User

7y ago

What else can I help you with?

Related Questions

What is a credit score scale?

The credit score scale ranges from 0 to 800. Everything above 720 is considered a good credit score. Below 500 is considered unacceptable.


What is a good business credit score?

A good busisness credit score is generally 80+ on a 0-100 scale.


What is the credit score rating scale?

The FICO score ranges from 300 to 850.


Where can one find their credit score scale?

"You can visit a bank or other financial institution to find your credit score scale. You can also visit many websites, including myFICO or Debt Management."


What type of credit score is good?

A good credit score depends on some scoring system. Different scoring system has different scale. Most scoring scales fall between 600 to 750. A score above 700 usually suggests good credit management


IS 691 credit score good?

A credit score of 691 falls into the fair range, which may make it more challenging to qualify for loans or credit cards with favorable terms compared to those with higher credit scores. To improve your score, focus on making timely payments, reducing outstanding balances, and limiting new credit applications.


What is the high test credit score posdible?

The highest possible credit score, typically measured on the FICO scale, is 850. A score of 850 indicates excellent creditworthiness, reflecting responsible credit management, timely payments, low credit utilization, and a diverse credit mix. While achieving this score is rare, consumers can still qualify for the best interest rates and terms with scores in the upper 700s to low 800s. Regularly monitoring and maintaining good credit habits can help improve and sustain a high credit score.


How are credit scores rated and what factors determine a person's credit score?

Credit scores are rated on a scale from 300 to 850, with higher scores indicating better creditworthiness. Factors that determine a person's credit score include payment history, amounts owed, length of credit history, new credit, and types of credit used.


Is 620 a bad score?

Credit scores are on a scale from around 300 - 850, with 850 being the highest credit score possible. To give you a feel for the extremes, while the national average credit score is 680, only 13% of the nation's population has scores above 800. At the other extreme, roughly 15% of the population has a credit score lower than 550. In general, a good credit score is anything above 700 (From money-zine.com)


Is the credit score of 583 a good score?

583-619 is bad credit score in credit score range


Is 920 a good experian credit score?

Yes, a credit score of 920 is considered an excellent score on the Experian scale, which typically ranges from 300 to 850. Scores above 800 are generally viewed as very good to excellent, making it easier to qualify for loans and receive favorable interest rates. Maintaining such a high score indicates responsible credit management and low credit risk.


What is the actual credit score scale?

According to the latest VantageScore model, VantageScore 3.0, credit ranges are broken into the following categories: Poor300-599 Fair 600-659 Good 660-719 Very Good720-779 Excellent 780-850 To check your credit score for free or find out ways to improve your credit score, visit LendingTree!