ECONOMICS
CREDIT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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350-619
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620-659
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660-749
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750-850
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Detailed explanation-1: -Good: 661 to 780. Fair: 601 to 660. Poor: 500 to 600. Very Poor: 300 to 499.
Detailed explanation-2: -A FICO® Score of 660 places you within a population of consumers whose credit may be seen as Fair. Your 660 FICO® Score is lower than the average U.S. credit score. Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future.
Detailed explanation-3: -Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 749 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
Detailed explanation-4: -A 660 credit score is generally a fair score. While a lot of people have fair scores, you may still find it difficult to get approved for credit without high fees and interest rates with a score in this range. “Fair” score range identified based on 2021 Credit Karma data.
Detailed explanation-5: -Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.