El Dinero Report October 2020 | WEARESUMA

Credit Rating

Credit Rating

FICO Who?

Investopedia defines a #FICO score as the sum of your credit history, number of open accounts, levels of debt, and repayment history. In other words, this is what shows lenders whether they can trust you with their business.

Los FICO scores can range from 300-850 with 850 being the best credit score that you could have! Here’s a breakdown:

🤑Excellent: 750 to 850
💰Good: 700 to 749
💵Mas o Menos: 640 to 699
💸Bad: 580 to 639
🚫Very Bad: 300 to 579

But don’t lose hope! It can take up to six months of timely payments to raise your credit score.

We want to know what questions YOU have when it comes to credit. COMMENT BELOW! 👇🏽

images 1
images 2
images 3
images 4
images 5
images 6
images 7
images 8
Leave a comment

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *