Lending businesses usually price borrowers according to the fico scores. For example, people with below 580 are thought high-risk borrowers. When your credit score was less than 580, the lender considers one to borrower large-risk on account of non-payment out-of credit.
- 800 and you can a lot more than: Exceptional Credit
- 740 to 799: Pretty good Borrowing from the bank
- 670 so you’re able to 739: A good credit score
- 580 so you can 669: Fair Borrowing from the bank
- Less than 580: Bad credit
Even with bad credit, will still be you can easily in order to borrow funds.