Even though so it’s frequently described into the single, you really have lots of credit ratings. Having said that, the absolute most predominant credit scoring model presently utilized may be the FICO get 8.
The FICO Score 8 runs on a scale of 300 to 850, with 850 being the very best prosper loans review bbb score that is possible. The average FICO Score in the US is actually around 700 — and everything under 580 is firmly in the “bad credit” category while this might make it seem as though a 500 to 550 credit score puts you near the middle.
Having bad credit can make finding new credit way more difficult. Continue reading