Is BB credit score good?
BB (credit score of 1844 to 1910) – 0.27 to 0.67 per cent chance of default. … HH (credit score of 1000 to 1723) – 3.48 per cent or higher chance of default. Cx (Insufficient data to assign a score) – If you’ve never used a loan or a credit card before, this is your credit grade.
Is 7.0 A good credit score?
For FICO, a good credit score is 670 or higher; a score above 800 is considered exceptional. For VantageScore 3.0, a good score is 661 or higher, and a score of 781 to 850 is excellent.
Is CC a good credit rating?
What is a CC credit rating? A credit rating given by Moody’s to a prospective borrower that’s not of investment grade and implies a very high degree of risk. … Since there’s an imminent threat of default, bonds with a CC score are deemed extremely speculative investments.
What does BB mean on credit report?
AA – Missed payment, status 1 to 2, up to 2 payments late. BB – More serious arrears, status 3 to 6, meaning the payments are 3 to 6 months late. DF – Account is in default, payments have not been made and the lender/provider has defaulted the account.
What is credit Rating BB?
BB(CE) Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. CRISIL B(CE) Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
What’s a good credit score for a 21 year old?
So, given the fact that the average credit score for people in their 20s is 630 and a “good” credit score is typically around 700, it’s safe to say a good credit score in your 20s is in the high 600s or low 700s.
Is 740 a good credit score to buy a house?
For most loan types, the credit score needed to buy a house is at least 620. But higher is better, and borrowers with scores of 740 or more will get the lowest interest rates. … Borrowers who qualify with lower scores may be quoted higher rates and required to make a larger down payment.
Is 725 a good credit score to buy a house?
A 725 credit score is a good credit score. The good-credit range includes scores of 700 to 749, while an excellent credit score is 750 to 850, and people with scores this high are in a good position to qualify for the best possible mortgages, auto loans and credit cards, among other things.