Cut-Off Score


DEFINITION of 'Cut-Off Score'

The lowest possible credit score one can have and still qualify for a loan. Anyone with a score below the cut-off score is usually rejected. Of course, the lender can still approve the loan if it so desires with an override approval. Anyone with a credit score above this level is usually approved.


The cut-off score will differ from one type of loan to another, as well as between lenders. Some home loans require a minimum FICO score of 620, while others may accept scores less than 620 (subprime territory). Cut-off scores are generally lower for credit card applications and other high-interest loans.

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  1. How is my credit score calculated?

    The credit score, commonly referred to as a FICO score, is a proprietary tool created by the Fair Isaac Corporation. This ... Read Full Answer >>
  2. Do free credit reports affect your credit score?

    Free credit reports do not impact your credit score. Credit inquiries are divided into two categories: soft inquiries and ... Read Full Answer >>
  3. Does a free credit report show your credit score?

    The free credit reports available from the three credit reporting agencies do not include your credit score. Under the 2 ... Read Full Answer >>
  4. Can a Best Buy credit card help you build credit?

    A Best Buy credit card can be used to help improve your credit score and credit history as long as you use the card responsibly. ... Read Full Answer >>
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