Credit Score Scale |
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Very Poor |
Poor |
Fair |
Good |
Very Good |
500 |
500 - 600 |
600 - 650 |
650 - 700 |
700+ |
Indicates recent charge-offs, late payments, debt consolidation, student loan defaults, Bankruptcy, foreclosure, ect..... It is very likely that you will be declined for any lines of credit and pay high interest rate and huge down payment |
Indicates dated charge-offs, late payments, debt consolidation, student loan defaults, Bankruptcy, foreclosure, ect..... It is very likely that you will be declined for any lines of credit and pay high interest rate and huge down payment |
Indicates dated late payment, slow payment high debt to income ratio. Consider sub-prime borrower May be approve with high interest rate and fairly high down payment and interest rate |
Indicates good payment history, no late payments, low balances on credit accounts. Considered Prime borrower with higher interest rate low down payment if any. Depends on debt balance ratio. |
Indicates perfect payment history, no late payments, Low balances on credit accounts if any. Considered a Prime borrower and will have no problem getting credit or loans and likely to have little or no down payment and the very best interest rate possible. |
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