Where Do You Rank: RP Funding’s Credit Score Guide

Are you a credit risk? The way that lenders (like RP Funding) determine this is your credit score. A good credit score indicates that you are financially trustworthy. Through your credit history, credit rating agencies assign you a number that is your credit score. There are many components of your credit history that will impact how they arrive at this number. The most commonly used score & the score used by RP Funding is the FICO Score.

What are some benefits of having a good score?

  • Getting easily approved for loans (auto, home, etc.)
  • Low interest/financing rates
  • Having fees or deposits waived
  • Approved for major purchases (i.e. furniture, appliances)
  • Approved for credit cards

The most important thing to remember is that a good credit score saves you money. If you are a credit risk you are going to have to jump through hoops to borrow money, make purchases, and get a loan. Those hoops are usually having to pay more money on thing like fees and deposits to accommodate for the lack of trust. A good credit score will continuously save you money.

What does RP Funding consider a Good Credit Score?


You have good credit and should help in getting lower interest rates when buying a home or car. You will have no issue in being approved for a credit card or making major purchases.


Your credit score is very good and you are considered very trustworthy to lenders. You might have slipped up once or twice in making a late payment or there could be an error in your credit report, but you are in a high range and will have no problem with borrowing money or obtaining a loan.


You are a credit master and your score in considered excellent. The best part is, you are in the driver’s seat when it comes to negotiating. Lenders are going to love to work with you and you can get the best rates possible.

Don’t see your credit score listed? Robert Palmer explains what makes up your credit score and how you can make improvements: