A 698 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.
A 698 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.
698 credit score mortgage loan options
A conventional mortgage usually requires a minimum credit score of 620. This means that with a score of 698, you have a high probability of being approved for a mortgage loan.
A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: https://www.experian.co.uk/consumer/guides/good-credit-score.html). TransUnion (formerly known as Callcredit) is the UK's second largest CRA, and has scores ranging from 0-710.
A 698 credit score is high enough to get a car loan.
You shouldn't have trouble receiving approval from lenders. Scores between 670 and 739 are considered to be good. In fact, most lenders will approve applicants with any score above 661.
So, what credit score do you need to rent an apartment? If you research this further online, you'll likely find mentions of landlords wanting minimum credit scores of 600 or 620. According to FICO, the company behind the most widely used scoring systems, those scores are within the “fair” credit range.
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.
ClearScore clearly advertise on their app that the average UK ClearScore credit score is 585, which puts most people in the 'good' bracket.
What is a Good Clearscore UK? You need a credit rating between 531 and 670 to fall into the Good Clearscore score band. Having a good credit score is beneficial as it helps you to obtain credit at better rates. Having a poor credit score doesn't always mean obtaining credit is impossible.
A FICO® Score of 684 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, 711, falls within the Good range.
FICO credit scores, the industry standard for sizing up credit risk, range from 300 to a perfect 850—with 670 to 739 labeled “good,” 740-799 “very good” and 800 to 850 “exceptional.” A 700 score places you right in the middle of the good range, but still slightly below the average credit score of 711.
A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.
Is ClearScore accurate? All credit reports run the risk of containing errors or out-of-date information and this is the same for the Equifax reports used by ClearScore.
ClearScore takes your credit report and financial information from Experian and then uses that very information to generate its own score. While the credit scores can vary slightly depending on the credit reporting agency, the same rule follows for all scores – The higher the better.
With Equifax, scores generally run from 300 to 700 with anything over 420 considered good. Our Credit Monitor service uses credit information from TransUnion, where scores range from 0 to 710 and a very good score would be anything from 604 and above.
A conventional loan requires a credit score of at least 620, but it's ideal to have a score of 740 or above, which could allow you to make a lower down payment, get a more attractive interest rate and save on private mortgage insurance.
689 credit score mortgage loan options
A conventional mortgage usually requires a minimum credit score of 620. This means that with a score of 689, you have a high probability of being approved for a mortgage loan.
What a 700 credit score can get you. Your credit score is used by lenders to see if you qualify for financial products and to set the interest rate you'll pay. With a 700 credit score, you've crossed over into the "good" credit range, where you can get cheaper rates on financial products like loans and credit cards.
A FICO® Score of 680 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, 711, falls within the Good range.
A FICO® Score of 685 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, 711, falls within the Good range.
As mentioned above, a 680 credit score is high enough to qualify for most major home loan programs.