What is a good credit score in South Africa? Your credit score will be a three-digit number ranging from 0 to 999. You need a credit score of at least 600 for the bank to even consider your home loan application, while anything above 650 is considered a decent credit score.
A score of 600+ will give you a fair chance of home loan approval. although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval. Scores below 600 would be considered high to very high risk.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 570 FICO® Score is significantly below the average credit score.
Your score
670 and 739, you have a good rating, and as such, you are not likely to default on your finance agreement. Finance will be approved. 740 and 799, you are very good and likely to receive better than average interest rates from finance houses.
In South Africa, a credit score of between 650 and 669 out of 705 is considered to be "Good". Get into that band and you will get some brownie points from the lenders. If your score is below 528, it is considered "very poor".
650 – 669 = good. 634 – 649 = average. 618 – 633 = below average. Below 618 = very poor.
The minimum credit score for a home loan in South Africa is around 640. A score of 600+ will give you a fair chance of home loan approval - although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval.
A low score is generally considered to be between 300 and 579. A fair score is between 580 and 669. A good score is anything above 700.
Scores range from 300 to 850 with the higher scores being more positive. A score in excess of 700 is a good score and should give you good access to credit at a preferential interest rate. Above 767 is excellent and shows you to be a very low-risk consumer that institutions would be happy to give credit to.
A 687 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 credit score of 721-880 is considered fair. ... A credit score of 566-603 is considered fair. A credit score of 604-627 is good. A score of 628-710 is considered excellent (reference: https://www.finder.com/uk/transunion).
Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
Your score falls within the range of scores, from 580 to 669, considered Fair. A 630 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
XDS Credit Score Categories:
840 – 1000 Very Good. You will get new account facilities without any problems. You will also receive low-interest rate offers from registered lenders. 760-839 Above Average.
A FICO® Score of 604 places you within a population of consumers whose credit may be seen as Fair. Your 604 FICO® Score is lower than the average U.S. credit score. ... Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.
A FICO® Score of 617 places you within a population of consumers whose credit may be seen as Fair. Your 617 FICO® Score is lower than the average U.S. credit score. ... Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.
300-579: Poor. 580-669: Fair. 670-739: Good. 740-799: Very good.
A FICO® Score of 670 falls within a span of scores, from 670 to 739, that are categorized as Good. ... 21% of U.S. consumers' FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.
Your score falls within the range of scores, from 580 to 669, considered Fair. A 636 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
A credit score of around 640 to 649 is considered fair credit. Your score is below the national average of 710, but it's not in the “poor” range. You will be eligible for just about any new, used, or refinance automobile loan on the market, but you won't get the best interest rates.
The Credit Center pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three bureaus: Equifax, Experian, and TransUnion.
A FICO® Score of 844 is well above the average credit score of 704. An 844 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.
The base FICO® Scores range from 300 to 850, and FICO defines the "good" range as 670 to 739. FICO®'s industry-specific credit scores have a different range—250 to 900. However, the middle categories have the same groupings and a "good" industry-specific FICO® Score is still 670 to 739.
However, your ClearScore account shows Experian data, which lenders do look at. ... When you apply for credit, lenders will go directly to Experian to look at your data rather than looking at how it appears in your ClearScore account.