Sentences with phrase «subprime scores»
Average credit limits for consumers with subprime scores fell by more than 1 percent in the second quarter.
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According to Experian, 1 out of every 5 individuals have very bad credit, poor credit, or «deep subprime scores.»
In fact, 15 % would go from having subprime scores to near - prime scores.
(Anything below 620 is considered a subprime score.)
Your subprime score does not mean you need to take the first offer you see, nor does it mean you can't possibly qualify for something better.
A subprime score could even prevent a person from getting a job as employers are using credit history more and more to evaluate applicants.
While some lenders will still offer credit to a subprime score (under 600), the interest rate will likely be significantly higher.