Best ways to check your credit score
When you have a good credit score, you're more likely to meet lending approval guidelines and borrow money when you need it most, explains McClary.
This can help if you're ever in a pinch and need to open a credit card.
You're more likely to qualify for a 0% APR card like the Citi Simplicity\xae Card..
Credit scores types
Depending on the credit reporting agency, your score will be between zero and either 1,000 or 1,200.
A higher score means the lender will consider you less risky.
This could mean getting a better deal and saving money..
Is it bad to have a high credit rating?
Depending on the credit reporting agency, your score will be between zero and either 1,000 or 1,200.
A higher score means the lender will consider you less risky.
This could mean getting a better deal and saving money..
What does a high credit score likely mean?
Usually a higher score makes it easier to qualify for a loan and may result in a better interest rate or loan terms.
Most credit scores range from 300-850..
What does a high credit score say about you?
“A high credit score means that you will most likely qualify for the lowest interest rates and fees for new loans and lines of credit,” McClary says.
And if you're applying for a mortgage, you could save upwards of 1% in interest..
What is a high risk credit score?
Deep subprime (credit scores below 58.
- Subprime (credit scores of 580-61
- Near-prime (credit scores of 620-65
- Prime (credit scores of 660-719)
What is considered a high credit risk?
Lenders generally see those with credit scores 670 and up as acceptable or lower-risk borrowers.
Those with credit scores from 580 to 669 are generally seen as “subprime borrowers,” meaning they may find it more difficult to qualify for better loan terms..
