What is a fair credit score

what is a fair credit score

IS YOUR CREDIT SCORE EXCELLENT,  FAIR OR POOR?

Is your credit rated excellent, good, fair or poor?  It is important to know what your credit score is before you apply for a car or mortgage loan so that you can work to improve it.  If you improve your credit score substantially, you can save yourself thousands in unnecessary interest charges.

If your FICO credit score is

Your credit rating is considered to be

     750 - 850

                 Excellent

     660 - 749

                 Good

     620 - 659

                 Fair

     350 - 619

                 Poor

If your credit score falls in the "excellent" range, you probably will be offered the lowest interest rate available provided that you do not have too much debt.

Source: www.bcsalliance.com

Category: Credit

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