How charge cards influence your FICO assessment?
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FICO Scores by Percent of Scorable PopulationWhy are there different FICO Scores?FICO Score Ranges Rating Description <580 Poor Your score is well below the average score of U.S. consumers and demonstrates to lenders that you are a risky borrower. 580-669 Fair Your score is below the average score of U.S. consumers, though many lenders will approve loans with this score. 670-739 Good Your score is near or slightly above the average of U.S. consumers and most lenders consider this a good score. 740-799 Very Good Your score is above the average of U.S. consumers and demonstrates to lenders that you are a very dependable borrower. 800+ Exceptional Your score is well above the average score of U.S. consumers and clearly demonstrates to lenders that you are an exceptional borrower. I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.
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