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688 Fico Score

By Special Correspondent

A FICO score is a three-digit numeric representation of an individual’s creditworthiness and is considered one of the most important factors in determining whether a person can be approved for a loan or other types of credit. A 688 FICO score, in particular, is a very respectable score and puts an individual in the good range, though it may not be high enough to qualify them for the absolute best loan terms and rates.

Table Of Content:

2. Is 688 a good credit score? | Lexington Law

https://www.lexingtonlaw.com/education/score/688
Is 688 a good credit score? | Lexington LawOct 11, 2021 ... If you have a credit score of 688, you might be asking yourself, “is 688 a good credit score?” Luckily, the answer is yes: a score of 700 falls ...

3. 688 Credit Score: What Does It Mean? | Credit Karma

https://www.creditkarma.com/credit-scores/688
688 Credit Score: What Does It Mean? | Credit KarmaApr 30, 2021 ... A 688 credit score is generally a fair score. While a lot of people have fair scores, you may still find it difficult to get approved for ...

10. 688 Credit Score – Is it Good or Bad? How to Improve Your 688 ...

https://www.creditrepairexpert.org/688-credit-score/
688 Credit Score – Is it Good or Bad? How to Improve Your 688 ...How to Improve Your 688 FICO Score. Before you can do anything to increase your 688 credit score, you need to identify what part of it needs to be improved, ...

What does a 688 FICO score mean?

A 688 FICO score means that an individual's creditworthiness falls into the good range. It is considered a very respectable score and should allow the individual to qualify for loans and other forms of credit at competitive terms and rates.

Are there higher scores than 688?

Yes, there are higher scores than 688 FICO score. Scores typically range from 300-850, so there are still 162 points above it that constitute an even better creditworthiness rating.

Is it possible to raise my 688 FICO score?

It is possible to raise your 688 FICO score if you take steps to improve your financial situation such as paying bills on time, reducing excessive debt, and refraining from applying for multiple new lines of credit.

Does having a 688 FICO score guarantee I will get approved for loans or other forms of credit?

While having a 688 FICO score is considered good enough to qualify someone for loans and other forms of credit, it does not guarantee approval as there may be additional considerations that lenders take into account when making their decision.

Conclusion:
Having a 688 FICO Score puts individuals in the good range when it comes to their overall creditworthiness which usually allows them to qualify for decent loan terms and rates. However, this does not guarantee approval as lenders may still consider additional factors before making their decision. If individuals want to take steps towards improving their rating even further, they can do so by paying down debt or avoiding taking out too many lines of credit all at once.

Special Correspondent

Eusha Binte Omar is our special correspondent.

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