So what exactly is a good credit score?

A credit score is a number that represents a person's creditworthiness. It's used by lenders and others to predict whether a person will make credit payments on time. Credit scores are important because the higher the score, the more likely you will be approved for credit. Additionally, those with high credit scores are often eligible for lower interest rates on new credit.


So how do Credit Scores work?

FICO scores range from 300-850, but most people score in the 600s and 700s. Lenders typically consider credit scores above 700 to be very good. For those that have FICO scores below 600, they're usually considered higher risk by some lenders, and as a result they may be required to pay higher interest rates or put down larger down payments, equity into the transaction.  A low credit score may also cause a person to be turned down for credit completely. 


Not at Jim Ellis Audi Marietta!! 


Our highly experienced Business Management Team will work to obtain the best possible rates and terms for every client.


 


There's no single credit score as different credit reporting agencies will develop different credit scores. But regardless of where the score comes from, each is derived from a person's payment history, how much that person owes, the length of their credit history, and how much new credit has been opened, to name just a few factors.


Here at Jim Ellis Audi Marietta, we guarantee 100% Credit Approval.

So whether you are at the low end of the spectrum and need to simply qualify or at the high end and want the best rates possible, we can help. Simply complete our user friendly and secure 30 Second Credit Application to get started.

Â