Your Guide to Credit Score Ranges – Tips For Everyone

Craig Watts of Fair Isaac, the creator of the FICO score said that your credit score is “your GPA as an adult.” And just as your high school GPA determined what colleges you qualified for, your FICO and other credit scores will determine how much you pay for credit, including a home mortgage. Fannie Mae and Freddie Mac which guarantee large numbers of mortgages has a simple guideline. People with scores above 620 are considered to be good risks while people below that number need to be carefully evaluated.