| Your credit score can either haunt you or reward you. | | | | to get approved for loans that you may not even be |
| It all depends on how you handle your credit and | | | | eligible for. There are many reputable companies like [ |
| payment activities. Your credit score determines what | | | | that can provide you with your credit score for free. |
| interest rates you will pay and if you are even | | | | If your credit score is lower than you need it to be, |
| approved for a loan or a credit card at all. In addition, | | | | there are many ways to get your score up. It will take |
| your credit score can play a factor in renting your next | | | | some time and diligence but it can happen. There are |
| apartment or getting hired from a potential employer. | | | | credit repair companies available to help get your |
| Your credit score is compiled from the information on | | | | credit situation back into shape. But there are also |
| your credit report. The performance of your credit | | | | actions you can take on your own to improve your |
| activity is rated on a numerical scale from 350-850. | | | | credit score. |
| This number is your credit score. The higher your | | | | First, you have to be sure to make all of your future |
| credit score, the better. Late payments, delinquent | | | | payments on time. Late payments can be very |
| accounts and maxed out credit limits are all things that | | | | detrimental to your credit score. Secondly, you should |
| can lower your score. Below is a general guideline to | | | | try to stop charging if you have a lot of credit card |
| determine what your credit score means in terms of | | | | debt. If you do have a lot of credit card debt, you |
| getting approved for a loan or receiving credit and | | | | should try to pay the balances down as much as |
| what type of interest rates you can expect to pay. | | | | possible. Do not attempt to obtain new credit and do |
| 750-850: Is considered to be an excellent credit score. | | | | not fill out excessive amounts of loan applications. New |
| You can expect approval and should receive a great | | | | accounts and numerous credit application inquires can |
| interest rate. | | | | be a hazard to your score. |
| 680-749: Is considered to be a good credit score. | | | | If you currently have a good credit score, then make |
| Generally you should be approved and given a | | | | sure you keep it! If you are beginning to have financial |
| favorable interest rate. | | | | trouble and your monthly payments are becoming a |
| 620-679: Is considered to be a middle of the road | | | | challenge, try at all costs to avoid defaulting on any of |
| score. You will more than likely be approved but you | | | | your loans, especially your mortgage. Taking out a |
| may have to pay a higher interest rate. | | | | debt consolidation loan is an option that can help ease |
| 550-619: Is considered to be a low credit score. You | | | | your monthly payment obligations and keep you from |
| can find lenders who will approve people with poor | | | | ruining your credit score. |
| credit scores but they will probably charge very high | | | | With all of this said, you can see why your credit score |
| interest rates and fees. | | | | is one very important little number. |
| 300-549: Is considered to be a very bad score. It will | | | | Note: This article may be freely reproduced as long as |
| be a challenge to find a lender that will offer you credit | | | | the authors bio paragraph at the bottom of this article |
| at all. | | | | is included, the article is published “as is” |
| Do you know what your credit score is? Having this | | | | (unedited) and all URL’s are made active |
| information can save you the time and hassle of trying | | | | hyperlinks with no syntax changes. |