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by Answerbag Staff on April 27th, 2010

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What does tier 3 mean on a credit report?

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  • by Melissa Kelly on April 27th, 2010

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    Individuals with a tier 3 credit rating (C credit tier) generally have a FICO scored between 581 and 659. This generally implies a credit history of less than five years, slow pay on loans, higher balances on credit cards, potentially a few collections and even some charged off accounts.

    Source:

    Inside Car Buying Tips: Credit tiers

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