Are You Credit Worthy?
Unless you've been living under a rock, you know that lenders use a number called a credit score to determine your credit eligibility. A good credit score will improve your chances of getting a loan and get you better rates on that loan.
But what is a good credit score?
But what is a good credit score?
Credit Score Range
To determine what is a good credit score, you first need to know what the range is. Experian, TransUnion and Equifax report slightly different numbers and you may see different ranges from lenders based on what score model they use. However, the most commonly used FICO score range is from 300 to 850. The higher the score, the better your credit.
What is a Good Credit Score?
Only 13% of the population has FICO scores of 800 or above.
The median score is 723.
What is a good credit score depends on the interpretation of the lender looking at it, but in general, a credit score of...
750 - 800 is Excellent
660 - 749 is Good
620 - 659 is Fair
359 - 619 is Poor
If this information has helped you, please go to the top of the page and rate my lens by clicking on the stars. Thanks!
Keep an eye on your credit score...
Get Equifax Score Watch Now!
The median score is 723.
What is a good credit score depends on the interpretation of the lender looking at it, but in general, a credit score of...
660 - 749 is Good
620 - 659 is Fair
359 - 619 is Poor
If this information has helped you, please go to the top of the page and rate my lens by clicking on the stars. Thanks!
Keep an eye on your credit score...
Get Equifax Score Watch Now!
Getting a Good Credit Score
Always pay your bills on time.
Keep your balances as low as possible compared to your credit limits. Don't max out your debt!
Maintain at least one account for a long period of time. A good history with an individual creditor can improve your score.
Avoid applying for a lot of new credit all at once. Too many new accounts will look like you are having financial difficulties.
Check your credit report regularly for accuracy. Inaccurate data can hurt your score.
Keep your balances as low as possible compared to your credit limits. Don't max out your debt!
Maintain at least one account for a long period of time. A good history with an individual creditor can improve your score.
Avoid applying for a lot of new credit all at once. Too many new accounts will look like you are having financial difficulties.
Check your credit report regularly
Funny Credit Score Apparel
Help Me Improve This Lens
Tell my why you came here and what you are looking to know? I'd love to expand this lens and help you out!
Consider writing a review of this lens on The Isle of Squid.
submit
-
Reply
-
equifaxcreditsecrets
Jan 5, 2012 @ 9:57 pm | delete
- This is very helpful! I wrote a similar article on my website called 7 Equifax Credit Secrets That You Need to Know! Check it out if you get a chance, thanks! http://equifaxcreditsecrets.com
-
-
Reply
-
mscore
Sep 5, 2011 @ 7:54 am | delete
- I learn with the credit score for my personal loans and now I create my experience blog with our credit and limit with my loan. You can see our story such as what is a good credit score that relate your lens
Thank you for your good information.
-
-
Reply
-
TinLunchBoxes
Oct 26, 2010 @ 5:19 am | delete
- I didn't realise that the median was 723. I would love to see a graph of how this varied through the recent financial crisis. I guess it much be pretty volatile. Thanks for an informative lens. Rob (from Improve Credit Score HQ)
-
-
Reply
-
howtobuildcredit
Oct 4, 2010 @ 9:40 am | delete
- great lens and and very useful tips,on how to repair your credit and how to raise your score, will credit this and save...
-
-
Reply
-
howtobuildcredit
Oct 1, 2010 @ 9:04 am | delete
- what if i still have other accounts eventhough im not having a financial difficulties, do you think this will still affects me if im going to apply a new credit?
-
- Load More
by kcgagne
kcgagne
Mom, Website Consultant, Internet Marketer and Fitness Coach
Kathleen Gagne, known by her peers as "K.C.", is a work-at-home-mom of two, currently residing...
more »
- 18 featured lenses
- Winner of 5 trophies!
- Top lens » How to Make Fimo Beads
Feeling creative?
Create a Lens!
Explore related pages
- Free Annual Credit Reports Free Annual Credit Reports
- Small Claims Court in Alabama Small Claims Court in Alabama
- Car Repossessions in Alabama Car Repossessions in Alabama
- Wage Garnishments in Alabama Wage Garnishments in Alabama
- Boost Your Credit Score Boost Your Credit Score
- Building Credit Building Credit
