Posted by RC on February 17, 2002 at 21:55:55:
Yes - 690 is a pretty decent FICO score - you should not have very much trouble
Credit Rating Score - Posted by Terence
Posted by Terence on February 17, 2002 at 21:40:15:
My credit rating score is around 690 . Is that considered good enough to obtain decent financing.
Re: Credit Rating Score - Posted by Bruce Lawson
Posted by Bruce Lawson on February 18, 2002 at 14:55:34:
Hi Terence,
Yes, a credit score of 690 is a great score that is considered A credit and you should not have any problem obtaining traditional financing.
Keep the inquiries at a minimum they can drop your score 5 points per inquiry, and if you start purchasing many properties and using traditional financing it could hurt your score.
Contact me if you care to discuss credit reporting or other related issues and how it can affect your real estate investing business.
Sincerely,
Bruce Lawson