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 >>
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  3. Can I file for bankruptcy more than once?

    Filing bankruptcy is never a simple decision, but sometimes it is the best thing you can do in your current financial situation. ... Read Full Answer >>
  4. Why would someone change their Social Security number?

    In general, the Social Security Administration, or SSA, does not encourage citizens to change their Social Security numbers, ... Read Full Answer >>
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    Creditors that allow purchases to be made through financing often require property to be pledged against a credit account; ... Read Full Answer >>
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