| If your bank showed your credit score was a 560 | | | | 720 to 750, though not at the top, is still quite good. |
| would you know if that was good? I've heard some | | | | You will get good rates of interest and all in all you |
| individuals that are happy with a 532 credit score until | | | | shouldn't have to worry about it. |
| they find out the scale is designed in a strange manner. | | | | The Middle of the Road |
| It is not as simple as 0 to 1000. You'll need to | | | | 620 to 720 is considered decent credit. Loans can be |
| understand the credit score ranges to have an idea of | | | | harder to qualify for and the interest rates will not be |
| what your score means. | | | | very good. In this area you may need to take steps to |
| A credit score ranges from 300, being the very lowest | | | | increase your credit scores. But if you are near a 720 |
| and 850, the highest credit rating available. The steps | | | | score you dont have far to go to be in the very good |
| between are not set in stone. One point, for example a | | | | credit range. |
| 619 and a 620 isn't necessarily the cut off point | | | | Poor Credit Scores |
| between having decent or low credit. A lender will | | | | The credit score ranges below 619 is a poor credit |
| probably still consider you for a loan even if the | | | | score. The lower you go the worse it gets. If you are |
| guidelines they use indicate that those are two | | | | around the 600 range you may still be able to get a |
| different tiers. | | | | loan. It most likely will have added restrictions, will likely |
| Beginning with the Highest Scores | | | | require a co-signer, and the rate of interest will be high. |
| A credit rating 750 or higher is great. People with this | | | | You need to start working to improve your scores or |
| credit rating likely have few or no bad entries on their | | | | things will be very difficult in the future. |
| credit history. At this range you will encounter no | | | | What You Can Do About Your Scores |
| problems receiving a good loan with a very good | | | | Fortunately your credit ratings are always changing. If |
| interest rate. If your credit score falls in this area, | | | | you find that you are in the low credit score ranges |
| congratulations! | | | | you should start making improvements. Start by |
| You need to understand that you can get a good | | | | sending in the bills on time each month. This will start to |
| credit rating as a result of not having a credit history. | | | | add good entries to your credit reports. Over time bad |
| An 810 will not do you any good if you don't have a | | | | entries will be removed from your reports, but you |
| history of credit. You will probably need to apply for | | | | should be sure you are not adding more. |
| and use a credit card or at least become an | | | | It could also be help to take a course and learn about |
| authorized user on someone elses card. | | | | how to repair your credit. |