Is 628 a good credit score in South Africa?

What is a good credit score in South Africa?

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.

What is a credit score of 628 considered?

Is 628 a good credit score? Credit card & loan options. How to improve a 628 credit score. A credit score of 628 isn’t “good.” It’s not even “fair.” Rather, a 628 credit score is actually considered “bad,” according to the standard 300 to 850 credit-score scale.

Can I buy a car with 628 credit score?

A 628 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a 628 Credit Score. Lenders normally don’t do business with borrowers that have fair credit because it’s too risky.

Is 623 a good credit score in South Africa?

Although it will depend on the individual, here is a look at where you sit in terms of risk and scoring. An excellent rating would be anywhere from 767 to 999, with the consumer considered very low risk. A good credit rating would be from 681 to 766, and you’re likely to be approved of a home loan with this.

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Is 660 a good credit score in South Africa?

These individuals will easily obtain credit and receive very low interest rates. 600 – 650: Very good credit. These borrowers can get the best loan programs and offers at a good rate. 550 – 600: Good credit.

Is a 628 credit score good?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 628 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.

Is 628 a good credit score for a mortgage?

If your credit score is a 628 or higher, and you meet other requirements, you should not have any problem getting a mortgage. Credit scores in the 620-680 range are generally considered fair credit. … With a 628 score, you may potentially be eligible for several different types of mortgage programs.

Is 628 a good credit score in India?

According to credit information company, TranUnion CIBIL’s website, the closer your score is to 900, the higher are the chances of your loan application getting approved. Generally, a credit score of 750 and above is considered to be a good score.

Is 625 a good credit score?

A FICO® Score of 625 places you within a population of consumers whose credit may be seen as Fair. Your 625 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.

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What does a 680 FICO score mean?

A 680 credit score is considered fair, but it is very close to good credit territory. Your credit score helps lenders determine whether you qualify for products like credit cards and loans, and what interest rate they should charge you.

Is 625 a good credit score to buy a car?

A good credit score to buy a car is often above 660, as you’re then considered a “prime” borrower. There’s no industry-wide, official minimum credit score in order to qualify for an auto loan. Generally, the higher your credit score, the better terms you’re likely to get on the loan.