What is a Good Credit Score?

Answer:
A credit score is a number from 300-850. This

number is based on an individual's outstanding debt, payment history and general risk of default.

Each lender uses their own criteria to determine what is a “good” or “excellent” credit score. However, a score of 620 or higher is generally considered a good credit score and a score of 720 or higher is considered excellent. Those who fall in the “good” range can expect to be approved for credit with a standard interest rate. Those who qualify as “excellent” can expect to be approved for credit with the lowest interest rates available.


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