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Credit
Score Range
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Got everything done in order to obtain a loan. but
still confused about what the healthy score would be
to give better deals in loans?.
The calculations used to determine a score are
different at each credit bureau. However, the scoring
models are standardized so that the scores at each
bureau are equivalent. A score of 600 from Trans Union
indicates the same risk factor to a lender as a score
of 600 from Experian or Equifax.
Credit scores range from 350 to 850. Although lenders
set their own guidelines, you are likely to be a
better credit risk if your credit score is high.
Any score higher than 660 indicates a good credit
risk.
Score between 620 and 660, it's usually still not bad.
Score below 620 still leaves a chance for obtaining
credit, but your chances are much slimmer.
How
to repair Bad Credit?
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