Which credit score gets you the best deal?
What Credit Score Gets Best Rates?
Having a good credit score is essential to getting the best rates on loans, credit cards, and other financial products. The higher your score, the more likely you are to be approved for a loan and to get the best terms and interest rates. So, what credit score gets the best rates?
In general, the higher your credit score, the better the rates you will be offered. Generally, the best rates are available to those with a credit score of 740 or higher. This is considered to be an excellent credit score, and those with a score in this range will qualify for the best rates on loans and credit cards.
Those with a score of 700 to 739 are considered to have good credit and should be able to get good rates on loans and credit cards. Those with a score of 660 to 699 are considered to have fair credit and should be able to get decent rates on loans and credit cards, but not necessarily the best. Those with a credit score of 620 to 659 are considered to have bad credit and should expect to pay higher rates on loans and credit cards.
It is important to remember, however, that lenders consider more than just your credit score when determining your rates. Your income, debt-to-income ratio, and other financial factors also play a role in determining the rates you will be offered.
Key Points:
• Generally, the best rates are available to those with a credit score of 740 or higher.
• Those with a score of 700 to 739 are considered to have good credit and should be able to get good rates on loans and credit cards.
• Those with a score of 660 to 699 are considered to have fair credit and should be able to get decent rates on loans and credit cards, but not necessarily the best.
• Those with a credit score of 620 to 659 are considered to have bad credit and should expect to pay higher rates on loans and credit cards.
• Lenders consider more than just your credit score when determining your rates.
People Also Ask:
Q: What credit score is considered excellent?
A: Generally, a credit score of 740 or higher is considered excellent.
Q: What credit score is considered good?
A: Generally, a credit score of 700 to 739 is considered good.
Q: What credit score is considered bad?
A: Generally, a credit score of 620 to 659 is considered bad.
What Credit Score Gets Best Rates – Whats The Best?
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