The personal loan interest rate for
excellent credit scores varies primarily by the length of the term.
Not exact matches
Sources
vary as to the exact definition of what is a good to
excellent credit score.
Though it may
vary from issuer to issuer the general rule of thumb is that an
excellent credit score is 725 or above, good is 650 and above and bad is below 600.
This will
vary by lender, but most will want to see borrowers with good to
excellent credit scores (which is defined as any FICO
score of 690 or above) and no recent derogatory marks on their
credit reports (e.g., foreclosures, bankruptcy, defaults, liens, etc.).
They also serve as
excellent tools to keep track of your
credit report &
scores as you try to improve your
credit rating or correct errors found on your reports The quality, options and pricing
vary with each monitoring service, but we've compiled ten of the major
credit monitoring services available today.
Borrowers with
excellent credit scores, leftover cash in the bank, strong employment history and other compensating factors may have the payment shock requirement waived, but this can
vary based upon the lender.
The length of the promotional period will
vary by card and company, but deals lasting 12 months or longer are common for those with good to
excellent credit scores.
In general, Chase promotes the cards to consumers with good to
excellent credit, so while there may be reports from users who have been approved with lower
credit scores, your experience may
vary.