Credit scores are divided into several levels of customer collectability. The collectability of the customer itself is based on the credit payment from the customer. Aside from that, if you want to know the possible highest score for a credit score, perhaps you need to see the highest credit score available.
Currently, credit scores are divided into five categories, including:
1. Smooth Credit
Borrowers who are in this category indicate that they always pay credit installments with interest on time according to a predetermined amount. So, your chances of getting are easier because your credit risk is rated low.
2. Credit under Special Supervision
In this special supervision category, customers pay installments of more than 1 day to 90 days from the due date of payment. However, in this category, customers are still in a safe zone even though they have shown little risk to banks or financial institutions.
3. Not Smooth Credit
In this category, customers do not pay their installments within 3 to 6 months, so the customer is not eligible for a from a bank or financial institution. Keep in mind that customers will still be charged interest if they are late in paying installments. So, when the customer does not pay installments with interest within 3 months, the bank or financial institution will follow up on this problem. However, banks or financial institutions usually do this to customers who do not respond well to the approach taken by the creditor.
4. Doubtful Credit
Customers registered in this category do not pay installments for 120 – 180 days after the payment is due. In a sense, it is as if customers are lost or free from responsibility from paying credit installments per month. Therefore, applying for further will be quite difficult.
5. Bad Credit
This last category is a continuation of customers who were previously in the doubtful credit category. So, customers who have not paid credit installments that are due for more than 180 days will be included in the bad credit category.
If you fall into this category, you can be sure that your application will be very difficult to approve because you have entered the blacklist of banks in the nation.