5+ Incredible Tips Is 693 A Good Credit Score. Your credit score is just one of many factors that determine mortgage interest rates. Such a score will make it difficult to get approved for a decent loan or line of credit and could even prevent you from renting an apartment or landing.
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. A fair, good or excellent equifax credit score. Good is to have no more than 30% of your available unsecured debt limit in use.
The “Good” Tier Stretches From 670 To 739 And Is Followed By The “Very Good” And “Exceptional” Ranges.
A credit score of 693 means that your credit reports show that you usually pay your bills on time. What does a credit score of 693 mean? Getting a good rate can save you many thousands of dollars over the life of your loan.
If You’d Like To Shoot For A Lower Interest Rate, You Can Try:
Your credit score is just one of many factors that determine mortgage interest rates. A 699 credit score is generally a fair score. As you can see below, a 623 credit score is considered fair.
A Fair, Good Or Excellent Equifax Credit Score.
A 693 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. Your score falls within the range of scores, from 670 to 739, which are considered good. 6 rows most lenders will approve you for a personal loan with a 693 credit score.
A 693 Credit Score Is Generally A Fair Score.
A score of 693 is firmly in the “good” range of the fico credit scoring model. Good is to have no more than 30% of your available unsecured debt limit in use. Your score falls within the range of scores, from 580 to 669, considered fair.
A 693 Credit Score Is Also Good Enough To Buy A House.
Remove as many excess hard inquiries as you can. Some lenders see consumers with scores in the fair range as having unfavorable credit, and may decline their credit applications. How to improve a 693 credit score.