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Credit scores and perceived risk levels of how Lenders categorize you:
Credit Bureau Scores range from 300 to 900 points, the higher the score the lower the risk of default.
Credit Score Scale:
Excellent: 720-850 Very Good: 700-719 Acceptable: 675-699
Uncertain: 620-674 High Risk: 560-619 Extremely High Risk: 500-559
350-850 is what alot of the sites say including myfico and truecredit.com
However I do not fully agree with the scales that someone up there ^^^ said
FICO SCORES
720+ = EXCELLENT!
680-719 = good
640-679= Acceptable but higher rates will apply
600-639 = Lowest score you will probably be able to get a mortgage with HIGH INTEREST!
under 599 good Luck
If you are over 700 then u are rated by banks as A+ and should be able to get the best rates
Wells Fargo considers 680+ as Good and as long as you have over 620 you can get a mortgage
You may also want to try annualcreditreport.com, you are entitled to receive your report free of charge and they also provide the scale of the ranking system.
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October 24th, 2009 at 7:07 pm
Not sure,have u just tried an online search.Maybe myfico.com