Loans are given to people with a variety of different credit scores, but a good credit score is obviously ideal. Generally speaking, a person with the best chance of getting loan approval should have a credit score of at least 650. A score of 650 is typically considered a  good credit score and indicates fair credit management. Many lenders consider a 650 score high enough for them to be willing to loan money.

Credit Scores of 700 and Above

A person with a credit score of 700 and above has excellent credit according to Experian, which is one of the leading credit bureaus in the United States. Getting as much …

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