Credit Repair is easy when you let the professionals handle it! Scores under 500 = Bad Score. Scores 500 – 600 = Poor Score. Scores 600-650 = Fair Score. This usually results from late payments, collections and charge- offs. You will most likely be charged the highest interest rate allowed by law in your state or you could be turned down completely. Scores 650-700 = Good Score. As long as your debt to income ratio is low you will be approved and will likely pay a lower interest rate on your loan. Scores 700 + = Great Score. You are considered a “prime borrower” and will be able to obtain favorable financing terms.
Posted on: Tue, 20 Jan 2015 00:15:01 +0000
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