Rodgers Forge (Towson, MD)
By Ron Trzcinski, 410-935-5844
(Century 21, The Real Estate Centre, 410-665-0200 Office)
Credit Score Breakdown The following gives estimates as to how much weight is given to various aspects of one's credit: 1.  15% -- Length of credit history. 2.  10% -- Number and types of accounts opened recently. 3.  10% -- The mix of credit accounts, credit cards, department stores, finance companies, bank loans, etc. 4.  35% -- Record of timely payments on loans. 5.  30% -- The amount and type of outstanding debt. Credit Score Ranges 720 - 850 Excellent -- The best financing terms and represents the best score range.  720 is typically the score needed to qualify for good credit rates. 700 - 719 Very Good -- Qualifies to receive favorable financing. 675 - 699 Average -- Will qualify for most loans. 620 - 674 Sub-prime -- May qualify but will pay higher interest. 560 - 619 Risky -- Wil...
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Towson, MD Real Estate Professionals