Nov 07 2008
Credit Scores-Above 700 is a Good Score
Did you know that who we are is established by a number? When you present a request for a loan, and you would like the loan to be approved, your credit score ought to be no less than 700.
Do you understand what a credit score is? It is a measure that tells a creditor if you will be able to pay your debt should your loan be approved. Typically, the score is from 340 to 850 and if your score is not high enough, your loan might not be approved or only approved if you agree to a higher interest rate on the loan.
You may believe that this is unfair since you don’t have the money, but it is the way things work. The condition is that you either agree to their terms or you won’t be allowed to get the loan.
To read the entire article, click on my Associated Content page on the left. Have a great day!
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