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.
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.