What is a Good Credit Score: 2022 Credit Score Chart & Range

A credit score is a number that typically ranges from 300 – 850 and is used by financial institutions to evaluate a credit applicants ability and willingness to pay back the funds they’re requesting to borrow. Credit scores can also reflect how responsible an individual is when applying for a job, how likely they are to pay for their rental property on time or to access risk when applying for insurance. The most common types of financial institutions include commercial banks, investment banks, brokerage firms, insurance companies, and asset management funds. … Read more

How to Get The Best APR When Applying For a Loan

The APR, or annual percentage rate, refers to the rate of interest computed over the course of a year, as opposed to a monthly fee on a loan, line of credit, automobile loan, and so on. The creditor averages the figure over the entire duration of the loan, so you know exactly what you’ll have to start repaying each month from the start. Personal loans are required for a variety of reasons, including funding home renovation projects, purchasing a new vehicle, unexpected medical expenses, and anything else that the family cannot pay … Read more

Personal Loans with a Variety of Repayment Options for People with Fair Credit

credit score chart and range

Qualifying for a personal loan might feel like a leap of faith, especially without good credit. While there are many personal loan providers to choose from, not every lender will lend you the funds you need with a repayment plan that fits your budget. OneMain Financial provides four distinct term lengths, allowing qualified consumers to repay the loan in 24, 36, 48, or 60 months. On our ranking of the top personal loans for bad credit, we selected OneMain Financial is the top lender for flexible monthly payments. While most … Read more

What Credit Score do You Need to Buy a House in 2021

To buy a home, you don’t need flawless or even decent credit. In reality, getting a mortgage requires a minimum credit score of 580, which is just called “fair.” Keep in mind that mortgage lenders do not look at the credit report in isolation. Your credit history, debts, and down payment are all taken into consideration. The higher your score in these places, the more likely you are to be able to get away with a bad credit history. The disadvantage of having poor credit is that you would have … Read more