Fair Credit Scoreaire creditworthiness
What credit is the best for someone with a fair credit? The credit line is in a continuous state of renewing and changing, so certain credit lines are changing from time to time. After a long spell with only a few maps geared to addressing fair credit consumers, there is now a range of fair credit offerings.
How is a fair credit rating calculated? Credit ratings are in some ways unhelpful when it comes to which credit cards to request, as credit cards companies do not use them to determine whether or not to approve an application. They can, however, be a useful resource for those who have been denied requests and want to monitor their credit recovery process.
Of the three British credit bureaus (Equifax and Experian), two use the word âfairâ as a credit worthiness rating, but each refer to a different number. EQUIFACX uses a scale from 0 to 600 to evaluate the credit worthiness of individuals. A person with a score between 367 and 419 is a fair borrower.
Expert assesses the individual loan as a number from 0 to 999. Persons with a fair credit are those with a score of 721 to 880. Call credit uses the word âfairâ not to describe the credit standing of a person, but with a score of 1 to 5.