Did you know that the average American credit score is 692 ?
If your score is lower borrowing gets really tough.
Here's a good chart that explains the impact of your score:
- 720 – 850 – Excellent – The best financing terms and represents the best score range
- 700 – 719 – Very Good – qualifies to receive favorable financing
- 675 – 699 – Average – will qualify for most loans
- 620 – 674 – Sub-prime – May qualify but will pay higher interest
- 560 – 619 – Risky – Might have trouble getting a loan
- 500 – 559 – Very Risky – You need to work on improving your rating
This information is deemed reliable but not guaranteed
Did you know that once per year you can get FREE credit reports?
Yes I mean REALLY FREE credit reports. You must WRITEto the all 3 credit bureaus and they will send you your credit report.
Also when you get a denial from a credit card, bank etc at that time you can also get a FREE CREDIT REPORT. This is for real! not these come ons from emails, commercials etc.
Credit Bureaus addresses and phones are under the Identity Theft Post
