A credit score of 691 represents average credit. It’s perfectly fine to secure a loan or credit card with this score, but you may have to settle for slightly higher interest rates and fees than you might otherwise be able to get. In general, credit scores are based on five factors: payment history, amounts owed, … Read more
A credit score is a three-digit number lenders use to evaluate the likelihood that borrowers will pay back their loans. Typically, scores range from 300 to 850. A credit score is determined by the information on your report at three major credit bureaus. It includes payment history, amounts owed, length of credit history and credit … Read more
Whether you’re buying your first home, getting a credit card or looking for a personal loan, your credit score is a key factor. It determines how likely you are to be approved for a new line of credit and what interest rates you’ll pay. A good credit score reflects a history of responsible credit management. … Read more
A credit score is one of the most important numbers in your financial life. It can determine if you’re approved for a credit card, loan or mortgage. Your credit score measures how well you manage your credit. It looks at your payment history, the amount of debt you owe and how long you’ve been using … Read more
A 695 credit score is generally considered a fair credit score. Getting approved for a loan is difficult with this score, but repairing your credit can help you get better terms. There are several types of loans you can apply for with a 695 credit score. Auto, personal, and home loans are among the most … Read more
Having a credit score of 696 is considered to be “Good.” Most lenders will accept borrowers with this credit score. A good credit score will help you qualify for a mortgage, auto or personal loan with favorable terms and interest rates. If you are planning on applying for one of these loans, it’s a great … Read more
A credit score is a number that represents your ability to borrow money. It is based on five different factors. Amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10) all contribute to your overall credit score. The higher your credit score, the better your chances of qualifying for various … Read more
Credit scores are one of the most important things that lenders consider when making mortgage or other loan decisions. They are three digits that can mean the difference between moving into your dream home or settling for an overpriced rental. In general, people with a 698 credit score have a history of financial stability and … Read more
When you’re deciding which credit card, loan or mortgage to apply for, your credit score can play an important role. Knowing what a 699 credit score means can help you make better decisions. This credit score falls in the middle of the “fair” and “good” credit tiers. It’s not as high as the “excellent” or … Read more
A 690 credit score is considered “good”. This means you typically have a good credit history and pay your bills on time. A good credit score can qualify you for a variety of mortgages, auto loans, and personal loans at better interest rates than those with lower scores. However, improving your score can take time. … Read more