pip (pÉªp ) Word forms: plural , 3rd person singular present tense pips , present participle pipping , past tense , past participle pipped. 1. countable noun. Pips are the small hard seeds in a fruit such as an apple, orange, or pear.
A credit score of 629 is not a very bad credit score, but it is not  a great credit score. A great score will be 700 and above.
For reference, a FICO score between 700 and 749 is generally considered a good credit score (750 and higher on the 300 to 850 scale is considered excellent). The fact that lenders were rejecting loan applicants with an average score of 694 last September shows how tight mortgage availability has been.