Submitted by Shawn Headlee
We all know by now that the higher your credit score the better, but do we really know how it all works? I found a great article that explains not only how credit scoring works, but what the future holds for the credit scoring model.
Credit score
Percentage
499 and below 2 percent
500-549 5 percent
550-599 8 percent
600-649 12 percent
650-699 15 percent
700-749 18 percent
750-799 27 percent
800 and above 13 percent