Definition of Credit Score:
Orange County Credit Scores:
A Orange County credit score is a numerical summary of the information contained in your credit report expressed in a way that creditors can quickly determine a borrower’s credit worthiness. Credit scores range from 300 to 850 with higher credit scores being better. Your credit score is calculated based on the information in your credit report. The more negative information in your Orange County credit report, the lower your credit score will be. The worst credit rating are; charge-offs, debt collections, bankruptcy, foreclosure, tax liens, and judgments.
Here is a quick breakdown on FICO Scores for Orange County:
680 – 724, Good Credit
725 – 759, Very Good Credit
760 – 850, Excellent Credits
All of these credit scores would most likely qualify for South Orange County Fannie Mae or Freddie Mac, any credit score below this would likely be a candidate for South Orange County FHA or South Orange County, CA Private Money.