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700 & Above Is a great Credit Score

Isn’t it funny that who we’re is based on numbers Well the same when we apply for a loan and when you don’t want any problems, you should no less than be 700 and above to have a excellent credit score.

But what is a credit score It is an indication which tells the creditor if you will be able to pay your debt should your loan be accepted. Normally, the rating is from 340 in order to 850 and if a person don’t score that well, your loan by be disapproved or this will be granted as long as you take to pay the high interest rate.

This is probably unfair considering that you don’t have money already but it is a fact regarding life. It’s either an individual agree to their terms or you don’t get the necessary funds.

In the US, many Americans get a good credit report. This happens because they don’t devote beyond their indicates and pay their particular bills on time.

However for those who don’t score nicely, they have to find a way to pay bills by cutting down on their expenses and paying these debts progressively. A good idea will be to speak to your creditor about the scenario so they can come up with a repayment schedule so this will never show up on their permanent record. That is perhaps the most sensible thing to do if you had an excellent credit score the year before.

If you have many credit charge cards, you should cancel others and only keep a couple of. You should keep the the one that you have had the best as this will look good on your credit score.

One mistake some people help to make especially when their credit history is less than 3 yrs . old is opening a brand new account even when there’s no need. You just have to think best if you see if it is worth it.

If your credit score is just a few points coming from 700, look at the document and see if everything stated there is proper. Who knows, you might get blessed and find out that there has been an error made. You can call the credit company to tell them about it and send the supporting documents so an investigation can be done and this matter can be corrected.

To get a copy of one’s credit score, you can get in contact with one of these credit agencies specifically Experian, Equifax or Transunion. Thought the particular scoring system they will use is different from one another, it states the same so you know what it really is. This changes yearly so get another one year and compare the final results versus the year before.

A good credit score of 700 and over can get you low interest rates if you want to apply for a loan. With this money, you can buy a new house or car, purchase college tuition or modernize your home. If you want to have it, then you have to work for it this number won’t appear out of thin air.

Being the customer, you must know what your own credit score is before you even think of asking for a loan. This will avoid you the embarrassment of being informed that there are issues which will never happen for those who have a good credit score.

Comments: 42

  1. Darron February 17, 2013 at 3:59 pm Reply

    I just want to see some examples of what I can buy with an excellent credit score.

  2. Tiffanie March 1, 2013 at 4:06 pm Reply

    We have 100k liquid, and an excellent credit score. We wish to attend an auction on june 11th to buy a foreclosed home in Arizona, Gila county. Do we just show up and bid, or do we have to pre-qualify, or get approved in some way?

  3. Scottie April 8, 2013 at 3:07 am Reply

    Ok, past credit messed me up. I have a judgement thats almost paid off. I am trying to raise my credit score.I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to ” piggy back” on a relatives good credit ( have them add me to one of their good accounts and not use it) Is this safe, is it legal. I would love to hear constructive ways to increase my credit score. Please don’t judge me. Almost all of my ” bad” credit accounts have been paid off. I put my sons first when the divorce came. They lived in the house that I paid for while I lived in a basement.

  4. Alex May 16, 2013 at 5:34 am Reply

    i want to know my credit score but do not currently have a credit card, and all the sites require one.

  5. Kathy June 3, 2013 at 1:35 am Reply

    What impact does closing credit cards have on your credit score?
    I have a number of credits that I am not using. What impact if any would closing some of these accounts have on my credit score?

  6. Jesica June 20, 2013 at 2:28 pm Reply

    My credit score is 709. Is this excellent credit or should I try to get it higher? BTW im a very young student in college and this is my third semester.

  7. Parker June 25, 2013 at 11:15 pm Reply

    I really need a company that will tell me how to improve my credit score on MY specific credit report, not general tips.

  8. Britt June 30, 2013 at 10:27 pm Reply

    My credit score is 628 (not too good I know). However, is my credit score good enough to be approved for a student loan? I do not have a cosigner so that’s not an option.

  9. Gabriel July 22, 2013 at 10:54 am Reply

    Lets say a person has a bad credit score, what can they do to make their credit card better?

  10. Meta August 13, 2013 at 10:01 pm Reply

    I have recently paid off everything on my credit report. My credit score is slowly creeping up. I, like a lot of people, screwed up my credit when I was younger and am paying for it now. My Scores range from 579 – 618. Can someone give me some feedback please?

  11. Charlsie August 21, 2013 at 8:49 pm Reply

    I want to repair my credit score from 540 to 720 or A+ credit. What is the best place or way to do it. i do have charge offs.

  12. Willie August 23, 2013 at 2:52 am Reply

    We are hoping that our credit score has improved greatly now that the bankruptcy is off (it was a long 10 years) and we haven’t acquired much debt.

  13. Margie September 8, 2013 at 6:08 pm Reply

    My credit score is 616 and I make 40000.00 a year. My wife has excellent credit but makes about 25000.00 a year? Am I going to stop us from getting a decent home loan?

  14. Elfreda October 5, 2013 at 12:58 am Reply

    So my credit score took a plunge from about 760 to low 600s after having my credit report run about ten times by the car dealership amongst other things. However, my credit REPORT is flawless. Not one single missed payment in the past 3+ years, and every payment above the minimum. I currently have a car loan and about four credit cards with balances. I would like to get a loan or do some sort of bill consolidation that way instead of making four separate credit card payments every month I can just make one payment. What would be the best way to go about this? Thanks in advance.

  15. Stewart October 5, 2013 at 12:58 am Reply

    I have a low credit score. do i need to hire someone to reapair it, and who? wanting to try and buy a house in less than a year and i want to have a decent credit score.

  16. Reginald October 8, 2013 at 1:51 am Reply

    There were small medical bills that slipped through the cracks from a surgery I had, which collectively amounted to 500$. Upon running my credit score to obtain a line of credit, I found it and paid them in full with cash immediately (this was the 19th of last month.) My score is currently at 664, how much can I expect it to raise after paying this off? I am 25 years old with only 2 years of credit history..

  17. Keshia October 12, 2013 at 7:17 am Reply

    I want to purchase a home with the minimum down payment asking price required by the company selling the house. My credit score however isn’t that great. Even though I can make the mortage payments now, my credit history is kinda low due to my past. Step by step, what should I do?

  18. Erma November 19, 2013 at 1:55 am Reply

    What happens to my credit score when I apply for a few credit cards and are not approved because they require excellent credit? Does it affect my ability to get approval on another credit card? How long is this for?

  19. Thuy December 7, 2013 at 10:47 am Reply

    About how long does it take to go from a shaky credit score to a good credit score? I have about five credit cards, should I pay them all off and wait? How long must one wait until their credit score is back in the “good” side?

  20. Malcolm January 7, 2014 at 1:48 pm Reply

    When I apply for loans and tell the creditors what my credit score is they still run my credit. All the reports I read talk about the imporatnce of knowing your credit score and that’s fine. But what’s the importance of knowing my score when the creditors run it anyway? Also, how do we know that the rates that we qualify for are true based on ourcredit score? Is there a chart tat we can put our credit score up against and it tells us what rates we qualify for?

  21. Glayds January 26, 2014 at 11:19 am Reply

    Currently my credit score is 655. I have 4 cc’s and have not gone above half of my credit limit. I always pay at least double my minimum payment. I do have 1 negative thing on there from 2003, it does show it is paid tho. What are ways to get my score better. Right now im right on the brink of the fair category almost in good, but I want excellent credit. How can I do this?

  22. Hollis February 2, 2014 at 10:21 am Reply

    Is a 559 credit score good for an 18 year old? I just started too

  23. Heriberto February 3, 2014 at 3:17 pm Reply

    how do you get a high credit score?

    how long does it take to get a good credit score starting from no credit score? (ie first credit card)

    how do people determine your score?

  24. Will February 22, 2014 at 3:10 am Reply

    So I’m working on my credit score… right now it is LOW at 576, in order to get the loan that I want it needs to be at least 600. I’m getting ready to pay off a couple debts ($998, $24, $110) that were cell phone, medical, and long distance. Will paying these 3 off raise my credit score enough? For paying off a $500 debt will it raise your score 2 points 20 points? I need to know how this works? Thanks!!
    None of it is credit card debt. Only like a cell phone bill (that was shut off years ago and never paid) a couple long distance bills, medical bills.. etc.

  25. Lupe February 22, 2014 at 3:32 am Reply

    I just graduated and I have no previous credit history. So does this mean my credit score is simply zero…or what? Also if you have negative funds in a checking account, does it lower your score?

  26. Eloisa February 22, 2014 at 3:32 am Reply

    Need info on how to raise credit score?

  27. Signe February 22, 2014 at 4:31 am Reply

    I just received my credit report and am baffled.
    Equifax says 669, Experian says 683, TransUnion says 662.
    Can somebody please clarify what a ‘good’ credit score is, numerically speaking? In other words, is my credit good, bad, average, terrible?? How long does it take to improve credit scores? (Weeks? Months?)

  28. Tommye February 22, 2014 at 6:23 am Reply

    in order to improve my credit score should i pay the cards off every month of leave a balance? and why
    if leaving a balance is recommended explain why and how much balance

  29. Tory February 22, 2014 at 6:23 am Reply

    i just got my credit score 585 from one credit bureau and 620 from another. they both have information that is not up to date, ex the account was written off when i actually paid it in full. i have a school loan which im paying on time and should i obtain a credit card to help improve my credit worhtiness. any advice will help. thanks

  30. Tiffanie March 11, 2014 at 3:09 pm Reply

    what exactly is a credit score? how does it work? my mom just got me a credit card and I have no idea about credit cards other than using it for shopping, dining, bills, and gas.

  31. Donita March 15, 2014 at 12:36 am Reply

    Is 677 a good credit score

  32. Masako March 15, 2014 at 12:36 am Reply

    What can I do to increase my credit score?

  33. Clyde March 15, 2014 at 12:37 am Reply

    what are the different credit score ranges for each risk level?
    i know it goes up to like 800, but what are the ranges for low risk, medium risk, medium-high risk, and high risk?

  34. Ignacio March 24, 2014 at 1:15 am Reply

    My Credit score is a 659, I’ve paid my bills on time. I have a Visa Credit Card from American first credit union as well as a line a credit, A personal loan witch i just recently got. My my credit history is only about 6-7 Months old.
    I heard from people that a secured card may help my credit score, or just by raising my credit limit. any ideas?


  35. Gregory March 24, 2014 at 1:45 am Reply

    i want to know if i transfer a credit card balance to a 0% apr credit card, will it affect my credit score. my credit card bal. is 4,000.00

  36. Brady March 25, 2014 at 4:21 am Reply

    My credit score was 622 in October last year. Is that considered good enough in today’s economy?

  37. Shane May 22, 2014 at 1:33 pm Reply

    My credit dropped from 700+ down to 380(?). If I make ALL of my payments on time and payoff my car 2 1/2 years earlier, does this boost my credit score?

  38. Vernon June 10, 2014 at 6:43 pm Reply

    what kind of credit score do I have to have to get a job?

  39. Ronald June 10, 2014 at 6:43 pm Reply

    Right now, My credit score is 513. I’m trying to have a credit score that will be decent enough for almost any apartment.

  40. Omer June 16, 2014 at 5:05 pm Reply

    My credit score has went down 138 point in less than a year. I have not been late on any payments and I have only opened 1 more line of credit. Do you think it’s a mistake?

  41. Collen June 19, 2014 at 5:55 pm Reply

    My credit score is 601. I’ve heard from some that the score is good, and others have told me it’s fair. Which is it? All answers are appreciated.

  42. Cheyenne June 22, 2014 at 5:51 pm Reply

    if i have a credit score of 670 is that good or bad?

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