What is a subprime credit score?

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  • August 19, 2023 at 4:04 pm #11167
    Geoff Massanek
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    August 19, 2023 at 4:27 pm #11220
    Team StellarFi
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    Lenders categorize borrowers into different categories based on their FICO® credit score. Subprime is one of the categories. Having a subprime credit score means lenders consider you a risky borrower. Subprime borrowers have a FICO Score between 580 and 669 (fair or average credit score range).

    Subprime borrowers can typically get approved for some credit cards and loans, but these will usually have higher interest rates and lower credit limits.

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StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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