2006-06-10 15:09:33 · 8 answers · asked by homebuyer 3 in Business & Finance ➔ Credit
Your credit score is good..any thing above 700 is good and gets you rated as a AAA. just keep paying everything on time
Normobrian is a moron he is totally wrong
2006-06-11 12:12:15 · answer #1 · answered by jon g 3 · 11⤊ 1⤋
Nothing wrong with a 720 score, good job. However, I strongly disagree with "normobrien". My credit score is over 790, and I have ZERO balances on ANY line of credit I have, (my mortgage is paid off). Yes, I do charge, to "get the points", but pay the statement each month IN FULL.
2006-06-10 23:02:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It means you have done a good job paying all your bills and being on time with bill paying. It also means you have credit and were responsible to your creditors. It finally means that you will get pretty much a very good credit line.
2006-06-10 22:31:01 · answer #3 · answered by j_darpino 1 · 0⤊ 0⤋
It means that you LOVE debt. You love to go into debt and stay there. That is what credit scores measure. A high score means that you have the optimal number of accounts and carry balances that are in line with your income. In order to maintain that score, you MUST maintain that debt. Pay your debt off, and your score will go down.
2006-06-10 22:30:21 · answer #4 · answered by normobrian 6 · 0⤊ 2⤋
I think most people here have answered your question. You have created more options for yourself by maintaining above average credit scores.
I'm not sure what's up normobrian's ^#(*&^^
2006-06-11 01:52:08 · answer #5 · answered by David H 3 · 0⤊ 0⤋
You're doing well, but make sure you keep it up.
I also strongly disagree with the response by normobrian. I don't know his background, but it's obviously not banking, which has been my field probably since before he was born.
2006-06-10 23:19:37 · answer #6 · answered by mumsy 1 · 0⤊ 0⤋
keep up the good work, pay bills on time and don't over extend. good job.
2006-06-10 22:29:30 · answer #7 · answered by folklore 7 · 0⤊ 0⤋
it means you have pretty good credit.
2006-06-10 22:12:38 · answer #8 · answered by Anonymous · 0⤊ 0⤋