Though the article from the Northwest Montana “Daily Interlake” isn’t about reading credit scores, one of the people they interviewed told how they - as a conservative lender - used credit scores in the real life loan process:

Credit scores — based on a consumer’s loan repayments, credit card histories, bill histories, bankruptcy and other factors — range from 450 to 850. Those with 450 scores traditionally have been considered too risky for any loans, scores in the 500-600 range might have gotten high-interest loans, but reasonable-interest-rate loan money generally is reserved for those above 600 or 650.

How’s your credit score?

This entry was posted on Monday, September 17th, 2007 at 3:17 pm and is filed under Credit Repair, News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.