How to Tell If Your Credit Score is Bad (Say No to Any More Humiliating Credit Rejection Letters)

Who else is unsure whether or not they're credit scoreFiled Under: Danger Signs That Kill Your Credit Score
is bad? Have you seen your score....but simply areWhile this article is NOT about fixing your credit, you
completely unsure how to interpret it correctly? If youshould know that public record items have a very
are anything like I was when I first got started on thedramatic effect on your credit score. Tax liens,
path to understanding (and fixing!) my credit score andbankruptcies, judgements and other public record info
report, you are probably completely overwhelmed withis considered especially serious....specifically if left
confusing data, strange codes, explanations that don'tunpaid. If you do decide to try to repair your credit on
seem to fit, and a score that might as well come fromyour own, the first step is to get a copy of your report,
out of space or be written in Greek!and simply begin by attacking THESE particular
Years ago, when I had my first credit related issues, Iblemishes with disputes, as they can often have
actually had GREATER difficulty trying toincorrect information that is easy to challenge. (and
UNDERSTAND my credit report, than I did getting ithave removed from your report)
"righted" later.They also...as you should know if you've look at your
Filed Under: Understanding Your Scorecredit report lately, appear in the very BEGINNING of
The truth? As I write this, the consumer confidence,the report itself, making it easy to identify the most
financial well being and credit score of the country asserious items that require immediate attention, if you
a whole is at an ALL time low! All this means for youhave any plans to apply for a job, housing or loan in
is that you simply don't need to feel ashamed if yourthe near future.
score is lower than you'd like.....and, the good news isAnd remember this.....
that as we go forward, there may actually be someIf you know you're score is bad, simply DON'T apply
"grading on a curve" if you've had problems during thefor credit and you won't be rejected! Yes it sounds
last few years. (simply because so many others havesimple.....but the WORST thing you can do when you're
as well)credit is in a down cycle (and under the national
That being said......if you're score is a 649 or UNDER, it'saverage score wise) is apply for financing that you
considered weak. If you are OVER 700.....you have aKNOW you won't get.
GOOD score. And as you get closer to the 800's andSimply step back, evaluate and ATTACK your report
above.....you can truly say your credit is A+, and youwith an eye on fixing the inaccuracies, and then double
shouldn't have any problem getting just about any sortback and apply when you're UP 100 points or so.
of financing you choose.