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.


Investment dictionary. . 2012.

Look at other dictionaries:

  • cut-off — cut|off [ˈkʌtɔf US o:f] n 1.) [C usually singular] a limit or level at which you stop doing something →↑deadline cut off date/point/score etc (=the date etc when you stop doing something) ▪ The cut off date for registration is July 2. 2.) [C… …   Dictionary of contemporary English

  • score — score1 W2S3 [sko: US sko:r] n ▬▬▬▬▬▬▬ 1¦(in a game)¦ 2¦(in a test or experiment)¦ 3¦(music)¦ 4 on that score 5 know the score 6 settle a score 7¦(mark)¦ ▬▬▬▬▬▬▬ [Date: 1000 1100; : Old Norse; Origin: sk …   Dictionary of contemporary English

  • cut — Synonyms and related words: AWOL, French leave, Parthian shot, Platonic form, Platonic idea, Spartan, Vandyke, abandon, abate, abatement, abbreviate, abbreviated, abrade, abrasion, abridge, abridged, abscind, abscondence, absence, absence without …   Moby Thesaurus

  • cut — 1. verb 1) the knife slipped and cut his finger Syn: gash, slash, lacerate, sever, slit, pierce, penetrate, wound, injure; scratch, graze, nick, incise, score; lance 2) cut the pepper into smal …   Thesaurus of popular words

  • cut out — I verb 1. delete or remove (Freq. 2) Cut out the extra text cut out the newspaper article • Derivationally related forms: ↑cutout • Hypernyms: ↑extinguish, ↑ …   Useful english dictionary

  • cut — I (New American Roget s College Thesaurus) v. t. incise, carve, dissect, slice, shave, trim, shape; separate, divide, split, sever; abridge, shorten, diminish, reduce, curtail; hurt, sting, wound, snub, ignore; reap, gather. See disjunction,… …   English dictionary for students

  • cut — adjective make or design (a garment) in a particular way: → cut cut verb (cutting; past and past participle cut) 1》 make an opening, incision, or wound in (something) with a sharp tool or object. 2》 remove (something) from something larger by… …   English new terms dictionary

  • Score — (sk[=o]r), n. [AS. scor twenty, fr. sceran, scieran, to shear, cut, divide; or rather the kindred Icel. skor incision, twenty, akin to Dan. skure a notch, Sw. sk[*a]ra. See {Shear}.] 1. A notch or incision; especially, one that is made as a tally …   The Collaborative International Dictionary of English

  • score — [n1] total, points account, addition, aggregate, amount, average, count, final count, grade, mark, number, outcome, rate, reckoning, record, result, stock, sum, summary, summation, tab, tally; concepts 364,784 score / scores [n2] large group; a… …   New thesaurus

  • Off the Wall (album) — Off the Wall Studio album by Michael Jackson Released August 10, 1979 …   Wikipedia


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