Question

In order to approve a loan, lenders want to see a credit score of at least _____.

a. 300
b. 500
c. 700
d. 1200

Answer 1

Lenders want to see a credit score of at least 700, preferably 725.

Answer 2

Answer: (C) 700

Step-by-step explanation:

The credit score should be atleast 700 in order to approving the loan from the lender. If the credit score do not falls in between the 700 to 759 then the mortgage lender charge the interest rate of 0.25% as it is consider as Prime.

According to the FIFO score, the credit score falls between the 670 to 739 and on an overage the good credit score is considered as 700. If we make the payment on the specific period of time, then our credit score get increase.

Therefore, Option (C) is correct.