Is 694 a good credit score in Canada?

What does a 694 credit score mean?

A 694 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. Percentage of generation with 640–699 credit scores. Generation. Percentage.

Can I get an apartment with 694 credit score?

Apartment Credit Scores

Typically, a credit score of 620 or above will enable you to obtain an apartment lease with relatively little trouble. Apartment leasing sources state that credit scores lower than 620 receive a “high risk of default” rating along with a leasing denial.

Is it possible to get a 900 credit score in Canada?

As mentioned above, Canadian credit scores range between 300 and 900. Though each potential lender will have its own standards as to what credit scores are acceptable, the range below from Equifax is a reliable guideline: Scores from 760 to 900 are considered excellent.

Is 694 a poor credit score?

A 694 FICO®Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.

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Is 694 a Good cibil score?

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 664 a good credit score in Canada?

A credit score of 660 to about 724 is considered good and lenders will typically view these customers as low-risk borrowers. They’ll likely be offered better interest rates as they’ve demonstrated responsible credit behaviour. Scores from 725 to 759 are considered very good.

Is a credit score of 700 good in Canada?

A 700 credit score is considered fair in Canada. With a fair credit score, you’ll qualify for financial products from many prominent Canadian lenders, but you might not get the lowest rates available. Premium credit cards, such as rewards and cashback cards, may be out of your reach.

Is 694 a good credit score Reddit?

You are solidly in the “good” category based on that score 740+ is very good, 800+ is exceptional.

Is 695 a good credit score to rent an apartment?

Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate they are a high risk renter.

Can I rent an apartment with a 700 credit score?

A credit score of 700 is seen as a good score to start with no matter if you’re looking to rent an apartment or house. Anything higher is even better as potential landlords feel assured that you’re a safe bet to lease the apartment or house.

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