600 credit rating: could it be bad or good?

600 credit rating: could it be bad or good?

Your rating drops inside the number of ratings, from 580 to 669, considered Fair. A 600 FICO ® Score is below the credit score that is average.

Some loan providers see customers with ratings into the Fair range as having credit that is unfavorable and may also decrease their particular credit programs. Other loan providers that concentrate on “subprime” financing, are content to do business with consumers whoever ratings fall within the Fair range, nevertheless they charge fairly large rates of interest and costs.

17% of all of the customers have actually FICO ® Scores within the Fair range (580-669)

Approximately 27% of customers with credit ratings when you look at the Fair range will likely come to be really delinquent in the foreseeable future. 继续阅读“600 credit rating: could it be bad or good?”