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What's a "Good" Credit Score?

2:12 PM  Pisstol Aer   Labels:
I'm often asked what's a good credit score.  Different lenders have different standards for the minimum score they will lend to, and, of course, a sliding scale of interest rates with the lowest rates going to the highest scores. According to the October 4, 2012 Wall Street Journal, the average credit score on mortgages that are sold to Fannie Mae & Freddie Mac (government sponsored enterprises to expand the mortgage market by buying mortgages from lenders to expand the mortgage market) is 766. This is up from an average of 720-730 during the 2002-2007 housing bubble. Generally mortgage lenders require a higher score than loan for vehicles and credit cards but 766 is the average (the highest possible FICO score is 850). fFr more info on credit scores search for "credit" or "credit score" in my blog.
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What's a "Good" Credit Score?
What's a "Good" Credit Score?
Reviewed by Pisstol Aer
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Rating : 4.5