When applying for a mortgage at the bank, a credit score of 680 and above is considered to be a good credit and you shall have no problems to get approved if your employment verification was successful and you have a minimum of 5% down payment.

If by big you mean 20% then you have a chance. Would need to know your credit score, income, and price of the home to give you a better answer.

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I'm just wondering, what credit score do banks generally accept for a private student loan? i'm going to get some federal loans, but after that i'll need more. i also currently have a credit score of 682.

A full time job... If you don't have that, you won't get a private student loan without a cosigner... ever.

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My credit is 640. what is considered a good credit score to get a loan? i have been turned down from two banks and that is not good. i have a house i can use as collateral, but with that score and a house, would i qualify for sure?

When it comes to a business loan, no credit score will guarantee a loan. The persons you work with must believe in the business venture as well as have confidence in your credit. If you have a shakey credit score, bu the business idea/development is smash bang-up, they may take the chance on your shakey credit score. If you have a sterling credit rating, but the business idea strikes them as fly-by-night or will never work (in their opinion), you'll have to rob them to get the loan. It is a very different monster than getting a loan for a house or car -- something the bank can foreclose on without running your business if they "foreclose" ; on the business. 640 should be adequate, but that is less than 1/2 the battle when requesting a business loan. Good luck!

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I just finished ordering my transunion credit report and score online from transunion.com. it says my current credit score is 757. is that considered good? the reason i ask is because i was thinking about going to my local bank next week to apply for a $1,500 loan to get some much needed car repairs. i have plenty of avaliable credit on my credit card but would prefer to get a loan so that i might be able to get a lower interest rate. i always try to pay my bills on time and really need this loan. what are my chances of getting approved with a 757 credit score? should i even bother applying or will i be wasting my time?

You have a good score. I would say apply for the loan, and transfer the balances to a credit card offering a (0% apr) -- citibank offers 0% introductory apr's for 1 year --- with no transaction charges. Another thing to remember is that its not just enough to have a good score. lenders also look at what your largest loan was -- A history of taking and repaying large loans helps improve your credit also. I was rejected by Honda car financing when I applied for a $13,000 loan eventhough My score was 750+. They said that my largest loan was $2000, so they didnt think I was a good risk becasue I did not have any history with larger loans.

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I am considering getting a loan from a local lender (not a bank) for $2000 to pay off some bills but my credit score is not too good at all. if i take a cosigner with me who has excellent credit can i still get this unsecured personal loan from the lending institution even if my credit score is bad?

Be aware that many of those places charge 90% or more in interest and they aren't even required to tell you the APR. You aren't that much in the hole... try to cut back on spending anywhere you can and maybe find some part-time work to knock out this debt. I'd hate to see someone who is thoughtful enough as you (who is asking about this and planning ahead) get into one of these high rate loans. I'm listing a site where you can find ways to cut back spending, but there is also a message board on his main page where you can post more details about this $2000 debt and get suggestions on how to pay it off!

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I have been working hard on my credit. my scores are.. equifax 622, experian 636, and transunion 644. i am proud of myselfe because this time last year my scores were in the 400 range. about 2 weeks ago i was able to get 7 collections(hospital) deleted off my reports. i took out a 3000 loan from my bank and paid the collections off. ok currently i have 1 installment acct. i might have two, but i dont know whether to consider a line of credit from bank an installment loan or not because payments dont have to be paid at a certain time. i also have 1 secured card with bank for 300 this acct has been open a year. i recently got a cc from capital one with a 300 limit. should i open another installment acct or should i get another credit card. or just dont do anything and make payments on the accts that i have for six months. is it possible that my score could hit 700?

Scores are important, but not everything. you really only need one credit card, and one ATM card. your creditworthiness depends upon only 2 or 3 things. your income your credit history. your savings history. What you buy is pretty important. If you have been making payments to your local bookie for gambling loans.....thats a problem regardless if you've been on time every week. Looks like youve done very well taking care of past bills and lowering your Debt/equity ratio. dont raise it again by getting more cards. those CC's are Potential Debt that hurts your D/E ratio. keep a low limit and a zero balance. save for what you need and NEVER put CRAP on Credit. Smart decisions with the money you make and the money your save is a big deal Bigger than anything else. wer

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I have an eviction documented w/ the courts, but not on my credit report, i have a bankruptcy discharged in september 2006, and a credit score that is in the upper 600's which is consider good credit with minimal risk. i just purchased a new car, and i have credit cards from major banks that consider me an exceptional client. what are my chances of getting a lease in a nice complex? ok, i spoke w/ my previous landlord and they are willing to give me a reference and recommendation. as a neutral party would you be persuaded?

About zero. The eviction is proof that you will screw your landlord, the bankriptcy that you will screw anyone in order to keep their money.

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I've saved about $6k for a car, but the vehicle i like will cost me about 13k, which means i need a loan to defray the remaining 7k. i have a good job but a bad credit: no bank will consider lending me money because of my credit score. now, my wife has good credit but she's jobless. will a bank lend us the remaining portion based on my wife's credit score?

Being told that you can afford to pay for the car is something you probably dont want to hear! I know ive been there.. Plus you've saved up $6000! My advice would be to maybe get an older model of the car you have choosen or try getting financed through a federal credit union ! GOOD LUCK!

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Heres my problem: i am 20 and my family, friends, and bank, suggessted that i get a credit card considering i don't have one. they said i should get one because i need to build my credit score so that when it will be time to buy something big, i will be able to. what credit card should i get? i will most likly not use it often, i was considering to buy an iphone with it and pay it off month to month. what do you think all in all?

i would go with your local bank and get one there. Just dont go with anything that has to do with Household Bank they are horrible.

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Mini info: im 18 and my score is 704- i've only made 3 payments on my current loan (which is co-signed with my aunt who has amazing credit) but in the near future i am planning on paying off that loan by selling the car and taking out a different one.. my questions are: a) is my creit score considered "good" for a car loan? b) will the bank give me a ridiculous interest rate/monthly payments because i havent had my credit very long, or do they just care about numbers? wasn't sure where to ask this.

704 is a good credit score. But only being 18 and having only made 3 car payments, this score can drop fast. You don't have long enough credit history. I think B is the more accurate answer. I say for now, stick with what's working. Keep making payments on the car to help build your credit history. If you sell the car to pay off 1 loan only to get another loan, what's the purpose? To get your aunt off the loan? You Aunt is what got you the awesome interest rate on the loan that you currently have.

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I have a first premier bank credit card. a friend of mine told me that because first premier is considered sub prime credit, it can hurt my credit report, or keep me from getting a good credit card. is this true? ok, so will it affect any type of loan that i might apply for?

No. it will not lower your score. FICO scores dont take into account the reputation of your bank. As long as you make your payments on time and keep the account in good standing, it does not matter who gave you the credit card. Frist Premier is the same as American Express when it comes to FICO scores. What you do with this account will reflect your score, not that the bank is prime or not. EDIT : No it will not affect what kind of loan you get. Your FICO score and your income and down payment will determine how much you qualify. Again, your banks reputation has nothing to do with FICO scores. The thing however is, most ppl with good FICO scores tend to have multiple lines of credit with prime institutions because sub prime banks are not worth the hassle. You should have a sub prime bank only to rebuild credit. Otherwise try a bank like Citi or Chase.