RSSIs a credit score of 660 good, bad, or average?
August 31st, 2010 by admin | Filed under Good Bad Credit Score.
I was trying to raise my credit limit from my bank and the lady on the phone told me to hold so she can check my credit to see if I qualify……she told me my credit score is 660……is this an ok score for future loans I might need?
Tags: Credit Score, Loans
According to Experian, 660 is slightly lower than the national average credit score of 692
http://www.nationalscoreindex.com/USScore.aspx
From the same website you can get the average score for your state.
According to FICO, a score of 660 can get you a rate of 6.305% for a 15 year home equity loan and monthly payments of $1,858 for a 36 months auto loan. For scores of 760 and up you can get lower your rates at 5.799% and $1,760 respectively
http://www.myfico.com/
It’s on the lower side of average. I would try to get it above 700, but you shouldn’t have any problems finding a loan with your credit score.
It’s good. Above 720 is considered excellent.
I think 720 is about average for the types of loans you always hear or see advertised. With a score of 660 they will certianly adjust the rates you receive.
about 30 pts below national avg – shoot for getting over 700 – lower score will cause higher int rates