Credit scores??

aje78 Posted: Jan 24, 2006 06:08 PM

Credit scores??

Does anyone know anything about credit scores-What is considered good, fair etc...
Thanks

NPbride Posted: Jan 24, 2006 06:25 PM

Re: Credit scores??

You can go to myfico.com and they have a great deal of info. I believe anything over 750 is considered excellent and gets the best rates.

Meaghan729 Posted: Jan 24, 2006 06:37 PM

Re: Credit scores??

all lenders look at it differently.

My advice is to get your credit report for yourself and look at it - make sure there are no mistakes (which happen often) before applying for a loan.

Mrs. dleeny Posted: Jan 24, 2006 07:59 PM

Re: Credit scores??

Posted by NPbride

You can go to myfico.com and they have a great deal of info. I believe anything over 750 is considered excellent and gets the best rates.

DH and I are both over 750 (I am over 800!) and we're not feeling the 'love' from the banks! we're getting quoted the same rates everyone gets quoted!

SomethingBlu Posted: Jan 25, 2006 12:26 AM

Re: Credit scores??

Posted by dleeny

Posted by NPbride

You can go to myfico.com and they have a great deal of info. I believe anything over 750 is considered excellent and gets the best rates.
DH and I are both over 750 (I am over 800!) and we're not feeling the 'love' from the banks! we're getting quoted the same rates everyone gets quoted!

I think you're getting quoted lower than us D. We are in the 6.25-6.5% range. I bet you're lower.

That's excellent credit...you could probably even find the best loan online at one of those sites that compares rates. I would FM DJPill or look online at sites like eLoan.com and Bankrate.com

Beth1210 Posted: Jan 25, 2006 09:46 AM

Re: Credit scores??

I asked my hubby about this- and he said that anything over 700 in great and the rates don't change much for 750, 800, etc

620 is considered fair

and anything below that- not so good

Blu-ize Posted: Jan 25, 2006 09:59 AM

Re: Credit scores??

Our combined credit scores is about 700. We got a quote for 6.25 no points. That's on a 10/1 interest only. The 10/1 principal and interest is the same rate right now. The 30 year conforming is 6.375.

MCDO15 Posted: Jan 25, 2006 10:17 AM

Re: Credit scores??

anything above 700 is excelent...
the avg is 650 range or so...

all banks have different ways of looking at credit. When 1 bank may reject you, another will take you with open arms.

Mrs. dleeny Posted: Jan 25, 2006 10:31 AM

Re: Credit scores??

Posted by SomethingBlu

Posted by dleeny

Posted by NPbride

You can go to myfico.com and they have a great deal of info. I believe anything over 750 is considered excellent and gets the best rates.
DH and I are both over 750 (I am over 800!) and we're not feeling the 'love' from the banks! we're getting quoted the same rates everyone gets quoted!

I think you're getting quoted lower than us D. We are in the 6.25-6.5% range. I bet you're lower.

That's excellent credit...you could probably even find the best loan online at one of those sites that compares rates. I would FM DJPill or look online at sites like eLoan.com and Bankrate.com

I'm letting my DH handle this, or I'll never hear the end of it

besides, he has more people close to him who are either in the biz or are into real estate.