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Credit Score Guidelines
As a key component in evaluating you as a credit risk, lenders use this information to see if you have missed payments, carry high balances, or are in other ways over extending yourself financially. The following categories are a general guideline to borrower creditworthiness (these are general guidelines only - other factors may be included in your credit evaluation and the approval process):

Excellent Credit
Credit scores of 720 and above
  • 5 trade credit lines (credit cards, auto loans, mortgages) each having been open for at least 24 months
  • All accounts have been paid as agreed
  • No public records of bankruptcy, foreclosure, serious past due accounts, or collections within the last 10 years
  • Low current credit balance relative to maximum available credit limit
  • Minimum number of credit inquiries
Very Good Credit
Credit scores between 680-719
  • 5 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • All accounts have been paid as agreed
  • No public records of bankruptcy, foreclosure, serious past due accounts, or collections within the last 7 years
  • Low current credit balance relative to maximum available credit limit
  • Minimum number of credit inquiries
Good Credit
Credit scores between 620-679
  • 5 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • Most accounts have been paid as agreed, with only occasional late payments
  • No public records of bankruptcy, foreclosure, serious past due accounts, or collections within the last 10 years
  • May have significant current credit balance relative to maximum available credit limit
  • Several recent credit inquiries
Fair Credit
Credit scores between 580-619
  • 3 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • Most accounts have been paid as agreed, with only occasional late payments
  • No public record of bankruptcy, foreclosure, serious past due accounts, or collections within the last few years
  • May have significant credit balance relative to maximum available credit limit
  • Several recent credit inquiries
Poor Credit
Credit scores 579 and below
  • One or more accounts have not been paid as agreed
  • May have had a bankruptcy, foreclosure, serious past due accounts or collections
  • High number of recent credit inquiries
  • Proportion of revolving balances to revolving credit limits is too high
  Lakewood Lending Group, LLC
5023 East 56th Street, Suite 130
Indianapolis, IN 46226
Phone (317) 348-2284
Fax (866) 667-8834

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Aboite, Adamsboro, Advance, Alexandria, Ambia, Anderson, Angola, Anoka, Arcola, Ari, Art, Ashboro, Asherville, Attica, Auburn, Aurora, Azalia, Batesville, Bean Blossom, Bedford, Bee Ridge, Beech Grove, Belmont, Benwood, Berne, Bethlehem, Bicknell, Big Springs, Billtown, Billville, Bloomington, Bluffton, Boonville, Borden, Boston Corner, Boswell, Bowling Green, Brazil, Bringhurst, Burlington, Burnsville, Burrows, Butler, Camden, Camp Roberts, Cannelton, Carbon, Cardonia, Carmel, Center Point, Ceylon, Charlestown, Chase, Christiansburg, Clarksdale, Clarksville, Clay City, Clifford, Clinton, Cloverland, Clymers, Coalmont, Columbia City, Columbus, Connersville, Converse, Corn Brook, Cornelius, Cory, Covington, Crawfordsville, Crown Point, Cuba, Curryville, Cutler, Deacon, Decatur, Deer Creek, Delphi, Dover, Dunkirk, Dunn Mill, Dunnington, Eagle Village, Earl Park, East Chicago, Edgerton, Edinburgh, Elizabethtown, Elizaville, Elkhart, Elkinsville, Elwood, Evansville, Fayette, Flora, Fort Wayne, Fowler, Frankfort, Franklin, Freeland Park, Fruitdale, Galveston, Garden City, Garrett, Gary, Gas City, Gatesville, Geneva, Georgetown, Gnaw Bone, Goshen, Grabill, Grammer, Greencastle, Greendale, Greenfield, Greensburg, Greenwood, Halls Corners, Hammond, Harlan, Harmony, Hartford City, Hartsville, Hazelrigg, Helmsburg, Henryville, Hessen Cassel, Hoagland, Hobart, Hoosierville, Hoover, Hope, Howesville, Huntertown, Huntingburg, Huntington, Indianapolis, Jamestown, Jasonville, Jasper, Jeffersonville, Jonesboro, Jonesville, Kendallville, Kenneth, Knightsville, Knox, Kokomo, La Porte, Lafayette, Lake Cicott, Lake Everett, Lake Station, Lanam, Lawrence, Lawrenceburg, Lebanon, Leo-Cedarville, Lewisburg, Ligonier, Lincoln, Linn Grove, Linton, Lockport, Logansport, Loogootee, Lowell, Lucerne, Madison, Magley, Maples, Marion, Martinsville, Marysville, Matamoras, Mechanicsburg, Memphis, Metea, Miami Bend, Michigan City, Milledgeville, Millgrove, Mishawaka, Mitchell, Monmouth, Monroe, Monroeville, Monticello, Montpelier, Mount Healthy, Mount Liberty, Mount Pleasant, Mount Vernon, Muncie, Nabb, Nappanee, Nashville, Needmore, New Albany, New Brunswick, New Castle, New Haven, New Washington, New Waverly, Newbern, Noblesville, North Ogilville, North Vernon, Northcliff, Northfield, Nortonburg, Oak Park, Oakland City, Ockley, Ogilville, Old Saint Louis, Onward, Otisco, Otterbein, Owasco, Oxford, Perth, Peru, Petersburg, Peterson, Petersville, Pikes Peak, Pittsburg, Pleasant Mills, Plymouth, Poe, Point Idalawn, Poland, Pontiac, Portage, Portland, Potawatomi Point, Preble, Princeton, Radnor, Raub, Rensselaer, Richmond, Rising Sun, Rochester, Rockfield, Rockport, Roll, Rosston, Rosstown, Royal Center, Royalton, Rugby, Rushville, Saint Louis Crossing, Salem, Saline City, Scottsburg, Sellersburg, Seymour, Shamrock Lakes, Sharon, Shelbyville, Sleeth, South Bend, Southport, Spearsville, Speed, Starlight, Staunton, Stearleyville, Stone Head, Stony Lonesome, Story, Sullivan, Swanington, Taggart, Talbot, Taylorsville, Tell City, Templeton, Terhune, Terre Haute, Thorntown, Thurman, Tillman, Tipton, Townley, Trenton, Trevlac, Turner, Twelve Mile, Twin Beach, Ulen, Union City, Utica, Valparaiso, Vincennes, Wabash, Wadena, Walesboro, Wallen, Walton, Warsaw, Washington, Watson, Waugh, Waycross, Waymansville, Waynesville, West Lafayette, Wheeling, Whitestown, Whiting, Winchester, Woodburn, Yeoman, Yoder, Young America, Zanesville, Zionsville, Zulu
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