You can have good income and a 700 credit score (which is about average) and still not qualify for a mortgage.
However, a 700 credit score will still get you in the door with most issuers. You just might not get their lowest APRs, most generous credit lines or best rewards right off the bat. But is 700 good compared to the average score?
This consumer has a credit score of 700.
Unfortunately it is not as easy as saying that a 700 credit score is good or a 700 hundred credit score is bad.
700 to 750 - This is considered to be between very good and excellent credit.
I had credit karma give me a credit score of 679 and my credit union said it was 610. Who is right and why such a difference? I am looking at buying a new vehicle and the credit union says 7% because of the difference in my score.
Don and I ordered our reports with scores from Equifax, instead of Canada’s other main credit reporting agency, TransUnion, because Don’s teachers’ union offers a discount for Equifax.
Your financial future shows promise when you get a credit score between 700 and 750. Learn about the benefits of good credit and what you can do with it.
RAISE YOUR SCORE: You want to get your FICO score back up to about 700 or higher, because then you can qualify for a mortgage.