Hopefully, you know your credit score and you’ve already checked your credit reports for errors and contacted the reporting agencies to correct them if any were found.

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However, do you know where your credit score falls when it comes to obtaining a loan or line of credit? What is the cutoff between good credit and excellent credit? How do these classifications affect what loan terms are available?

MyBankTacker takes a look at average credit scores required to qualify for a variety of consumer loans, from buying a car or house to renting an apartment or opening up a new credit card account.

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