A 474 credit score is a bad credit score, unfortunately, as it’s a lot closer to the lowest score possible (300) than the highest credit score (850). It indicates that you’ve had payment problems in the past, perhaps even to the extent of going through bankruptcy or having your home foreclosed.
Can I get a loan with a score of 490?
A: With your credit score currently at 490 it’s perfectly possible to successfully obtain an auto loan, though interest rates for loans like this could be a tad steeper than average. Experian stated that vehicle loans for people with scores of under 490 characterized 20% of auto loans in 2019!
Is 490 a good credit score on Clearscore?
A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A credit score of 604-627 is good. A score of 628-710 is considered excellent (reference: ).
Can you buy a house with a 490 credit score?
You’ll find it very difficult to borrow with a 490 credit score, unless you’re looking for a student loan. In particular, you’re unlikely to qualify for a mortgage with a 490 credit score because FHA-backed home loans require a minimum score of 500. But your odds are a bit higher with other types of loans.
What is a good credit score clear score?
What is a good/bad credit score?
| Credit score | Equifax band | ClearScore name |
|---|---|---|
| 380-419 | Fair This indicates a fair Equifax credit score. | On good ground |
| 420-465 | Good This indicates a good Equifax credit score. | Looking bright |
| 466+ | Excellent This indicates an excellent Equifax credit score. | Soaring high |
Does ClearScore affect your credit score?
ClearScore -Using ClearScore will never affect your credit score.
Is a 430 credit score good?
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 430 FICO® Score is significantly below the average credit score. Many lenders view consumers with scores in the Very Poor range as having unfavorable credit, and may reject their credit applications.
