What is a good credit score range? by joymali

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credit score is a number that will fall within 300-850, 300 being the lowest. Your credit will determine how worthy you are to lenders, banks or even companies. Having a good credit score can do you a lot. That is why being educated about the credit score range is very helpful and important at the same time

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									                               What is a good credit score range?

For starters, your credit score is a number that will fall within 300-850, 300 being the lowest. Your credit
will determine how worthy you are to lenders, banks or even companies. Having a good credit score can
do you a lot. That is why being educated about the credit score range is very helpful and important at the
same time. Below is the range chart to give you an idea about the advantages and disadvantages of the
scores.

Excellent= 750-800

       Chances of getting a loan is high and you get the best and low interest rates as well.

Good= 680-699

       You still qualify for credit and loans, with reasonable interest rates.

Average= 620-679

       You still qualify for credit and loans, with fair interest rates.

Low=580-619

       You still quality for credit but with very high interest rates

Poor= 300-579

       Your chances of being denied are high, or it will be approved but with very high interest rates

As you can see, having high credit scores will get through easily in transactions. It can really make your
life easier. If your score isn’t high enough and you just realized it now, it’s not too late; you can still work
on it. In order to get a score that will at least get you within the good credit score range, you have to know
the works of your credit report.

You are entitled to one free credit report every year from the 3 credit agencies. Your credit report will
contain records of activities, transactions, bills, late payments debts and of course your credit score.
Knowing where you stand is important because you’ll have an idea n where to start. Errors in your report
can affect your score, look for them in your report and if there are any, report it immediately to your
agency. Remember to pay off your bills and to do them regularly. Missing out on payments can leave
black marks on your report for 7-10 years. And you can’t remove them easily, so it’s best to keep them at
bay and prevent it from marking your records soon as possible. Paying them regularly can help you
become financially responsible as well.

Pay off your debts too. It is best to pay more than what is required. You’ll be able to pay it off faster as
well and you’ll be paying less interest so eventually you’ll be saving more over time. Lastly, check your
report regularly; knowing what’s going on in your report is what you should be keeping track off. Follow
these and you’ll have a good credit score eventually. Just be patient and be responsible with your credit.

								
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