How to Build Great Credit Score From Scratch

Mortgage Brokers, Bankers and Private Financers can posts new options available in the Market and Investors may post their financing inquires here.

Moderator: Flipping4Profit.ca

Post Reply
Flipping4Profit.ca
Posts: 4495
Joined: Wed Mar 29, 2006 5:04 pm
Contact:

How to Build Great Credit Score From Scratch

Post: # 47944Post Flipping4Profit.ca
Tue Apr 30, 2019 4:29 pm

How to Build Great Credit Score From Scratch

Here’s a quick rundown of credit scores:

800-850: Exceptional

740-799: Very Good

670-739: Good

580-669: Fair (Note: It’s common practice to require a 600+ credit score for leasing properties.)

300-579: Poor

With fair/poor credit, one may experience higher interest rates on loans/mortgages.
If renting or leasing, you may be required to pay higher security deposits.
A co-signer may even be required in certain instances.

The terminology and ranges associated with these labels do vary by source,
but it’s more important to have a general idea of where you fall on the spectrum.
You’ll qualify for the best rates if you have a 740 or higher score,
with some institutions that even call for a 760.

Get your copy Do it yourself Credit Repair at www.GovernmentGrantsCanada.ca

Post Reply