| Credit scores are a lot like money and it is the way | | | | category) |
| you handle it that determines how much you have left. | | | | Looking at those categories, you can now know |
| In one sentence, they're expendable. One warning: | | | | where your level belongs. Truth is, you can improve |
| never joke with it and always try to increase it no | | | | your rating no matter where you are at the moment. |
| matter how hard it may seem. This brings us to the all | | | | But, why the need to raise my score if I'm in the good |
| important question of finding out if your score is either | | | | or excellent category, and why do I need to maintain a |
| good or bad. Here's a recent grading so you can know | | | | good score after I have achieved it? Fair questions, |
| the category you belong to. | | | | both, and I'll try to answer them. |
| Remember that these grades are subject to change | | | | Creditors may or may not give you the loan you want, |
| depending on the situation of the economy at particular | | | | or may reduce the amount you request if they can |
| times. That's because lenders and banks change the | | | | grant you something, or you may have to pay a higher |
| rules of the game depending on where and how hard | | | | interest rate on loans when you're to repay even if |
| the financial wind blows:o 750 - 850 (Excellent)o 660 - | | | | you get it. This is why you'll find people with scores as |
| 749 (Good)o 620 - 659 (Fair)o 340 - 619 (Poor)o 300 - | | | | high as 730 taking up repair strategies to fix this part. |
| 339 (well, you find the word that best describes this | | | | |