What do the Credit Score Numbers Mean?
What do the Credit Score Numbers Mean?
Here's a good chart that explains the impact of your score:
720 - 850 - Excellent – The best financing terms and represents the best score range
700 - 719 - Very Good – qualifies to receive favorable financing
675 - 699 - Average – will qualify for most loans
620 - 674 - Sub-prime – May qualify but will pay higher interest
560 – 619 – Risky – Might have trouble getting a loan
500 – 559 – Very Risky – You need to work on improving your rating
