Is 633 a good credit rating?
Your score falls within the range of scores, from 580 to 669, considered Fair. A 633 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
What is a good AECB score?
700
A credit card score ranking above 700 by the AECB indicates a good credit score. Essentially, any UAE resident might potentially have a credit card score to their name, depending on their various financial transactions.
Is 635 a good credit score to buy a car?
A good credit score to buy a car is often above 660, as you’re then considered a “prime” borrower. There’s no industry-wide, official minimum credit score in order to qualify for an auto loan. Generally, the higher your credit score, the better terms you’re likely to get on the loan..
What is a good credit score UAE?
A rating above 700 is considered a good credit score in the UAE. In the UAE, the Al Etihad Credit Bureau (AECB) is responsible for issuing credit scores.
Is 633 a good credit score in Canada?
Although credit scoring models vary, generally, credit scores from 660 to 724 are considered good; 725 to 759 are considered very good; and 760 and up are considered excellent.
Can I get a car loan with a 633 credit score?
A 633 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a 633 Credit Score. Lenders normally don’t do business with borrowers that have fair credit because it’s too risky.
How is AECB calculated?
How is the score calculated? According to the AECB, the score is calculated using 2,000 different factors including nationality, age, outstanding balances and the number of loans. Pay your bills on time, but loan instalments or credit card repayments are not the only payments you have to keep in mind.
Is 650 a good credit score in UAE?
The Credit Score is calculated using information from various sources, like banks, finance companies and telecom companies….Credit Score.
| Score Range | Risk Group |
|---|---|
| 300 – 540 | Very High Risk |
| 541 – 650 | High Risk |
| 651 – 710 | Medium Risk |
| 711 – 745 | Low Risk |
Will a 630 credit score get me a car loan?
With a credit score between 630 and 639, you are going to qualify for prime loans at a higher interest rate than if you were able to increase your credit score to 780+. Another option to get a vehicle loan with a lower interest rate would be to ask a family member to co-sign on the loan.