topic Re: Once and for all..... in General Credit Topics

Once and for all.....

Anonymous — Sat, 18 Aug 2007 19:21:45 GMT

Will someone please clarify what is considered poor, fair, good, and excellent.

I see this pop up on every web page I open, all with differing scales.

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 19:38:47 GMT

texhawk wrote:
Will someone please clarify what is considered poor, fair, good, and excellent.

I see this pop up on every web page I open, all with differing scales.

im guessing...poor 550-650 fair 651-750 good 751- 800 or higher

Lenders See You

Most lenders would consider consumers in this score range as lower risk.

Delinquency rate is defined

Message Edited by HappyDays on 08-18-2007 12:38 PM

Message Edited by HappyDays on 08-18-2007 12:38 PM

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 20:24:59 GMT

This is where a 679 registers.

Your Equifax FICO score is good

I have noticed in the adverts online that the 'average' credit score seems to be slipping down a few points.

Message Edited by Anderson on 08-18-2007 01:24 PM

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 20:43:47 GMT

I like the "not good" category. If I'm "not good," that must mean I'm...E V I L.

BWAHAHAHAHAHAHAHAHAHAHA!

Message Edited by TheNewWorldMan on 08-18-2007 01:43 PM

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 20:35:00 GMT

TheNewWorldMan wrote:
I like the "not good" category. If I'm "not good," that must mean I'm...EVIL.

BWAHAHAHAHAHAHAHAHAHAHA!

no no no NWM you have to be in the BAD category then you would be *EVIL*

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 20:39:17 GMT

Different lendors for different things have different ideas about what risky is. The more risk they're willing to take the lower ranges. The more conservative they are the higher the ranges.

From what I've read in the news the past week lenders are upping the scores slightly to increase there requirements for their loans. So 640 used to be average now it's 660-680.

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 20:45:27 GMT

@Anonymous wrote:

@Anonymous wrote:
I like the "not good" category. If I'm "not good," that must mean I'm...EVIL.

BWAHAHAHAHAHAHAHAHAHAHA!

no no no NWM you have to be in the BAD category then you would be *EVIL*

Not just evil...CHAOTIC EVIL. (If you never played Dungeons and Dragons, you won't get that one.)

In one group I was active in awhile back, I had a .sig that read "I just got my car aligned. It's Chaotic Evil."

Re: Once and for all.....

MidnightVoice — Sat, 18 Aug 2007 20:46:28 GMT

texhawk wrote:
Will someone please clarify what is considered poor, fair, good, and excellent.

It depends what you want. Right now my credit is perfect - I can get a new house at the best rate my mortgage company gives, I need no new credit cards and no loans and I live within my income. Hence - perfect credit.

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 20:55:02 GMT

MidnightVoice wrote:

texhawk wrote:
Will someone please clarify what is considered poor, fair, good, and excellent.

It depends what you want. Right now my credit is perfect - I can get a new house at the best rate my mortgage company gives, I need no new credit cards and no loans and I live within my income. Hence - perfect credit.

On CNN *money* a spokesman for Lending Tree siad that most mortgage co. are look for FICO scores of at least 700......at that rate I will be living in a hut!

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 21:06:32 GMT

I guess I am in the dog house.

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 21:06:39 GMT

Typical pendulum-swing reaction...first they give a mortgage to anyone who can fog a mirror, and then when that doesn't work they swing to the other extreme and require the credit rating of Satan with at least 20% down.

My advice to anyone looking to buy a home is to wait...this will settle out, probably to buyers' advantage.

Re: Once and for all.....

MidnightVoice — Sat, 18 Aug 2007 21:08:40 GMT

If you CAN get a mortgage there sure are a lot of spare houses for sale!! Trouble is, if you are looking to move and sell a house......

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 21:09:03 GMT

myhearts07 wrote:
I guess I am in the dog house.

no remember every lender follows its own requirements Also things are changing all the time. Banks do not want anymore repos. If you can take your time & keep looking for better rates.

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 21:34:53 GMT

myhearts07 wrote:
I guess I am in the dog house.

Well, heck, myhearts & happydays, I live on a boat

Message Edited by Anderson on 08-18-2007 02:34 PM

Re: Once and for all.....

Anonymous — Sat, 18 Aug 2007 22:19:38 GMT

Anderson wrote:

myhearts07 wrote:
I guess I am in the dog house.

Well, heck, myhearts & happydays, I live on a boat

Message Edited by Anderson on 08-18-2007 02:34 PM

LMAO I hope not in the south

Re: Once and for all.....

Anonymous — Sun, 19 Aug 2007 01:59:28 GMT

HappyDays wrote:

Anderson wrote:

myhearts07 wrote:
I guess I am in the dog house.

Well, heck, myhearts & happydays, I live on a boat

Message Edited by Anderson on 08-18-2007 02:34 PM

LMAO I hope not in the south

Floating here in a not-to-be-disclosed area of the Chesapeake Bay, but I could cut the dock lines and be gone tomorrow.

Re: Once and for all.....

Anonymous — Sun, 19 Aug 2007 03:15:27 GMT

Anderson wrote:

HappyDays wrote:

Anderson wrote:

myhearts07 wrote:
I guess I am in the dog house.

Well, heck, myhearts & happydays, I live on a boat

Message Edited by Anderson on 08-18-2007 02:34 PM

LMAO I hope not in the south

Floating here in a not-to-be-disclosed area of the Chesapeake Bay, but I could cut the dock lines and be gone tomorrow.

well If I were you I would sit tight! It could get a little rough going around Fl & into the gulf

Re: Once and for all.....

Anonymous — Sun, 19 Aug 2007 05:27:27 GMT

I got a mortgage through Wells Fargo with about a 580-600 FICO. It has an adjustable rate which I think is considered subprime, but the difference in the rate was negligible.