2006-07-25 19:40:02 · 4 answers · asked by nysnsmuth 1 in Business & Finance ➔ Credit
NO... its not that bad. Under 550 is starting to get into the bad credit range.
2006-07-25 19:44:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm not sure that 678 is even average and having a 635 score is really good if you were looking at a 550 score. A mid score of 620, which is an average of all three bureaus is where credit options start to open up, especially in the home mortgage loan arena.
In relative terms, 635 is a good score. You need to take into account all three scores. Typically Experian is higher, TransUnion is lower and Equifax is somewhere in between.
2006-07-25 20:01:54 · answer #2 · answered by David H 3 · 0⤊ 0⤋
No, it's not, although circumstances may dictate otherwise. If your post bankruptcy, that's actually a solid score to build your credit from. On the flipside, if your losing control of your bills (ie, not paying on time), then it's a sign of a worsening situation.
2006-07-26 04:15:37 · answer #3 · answered by Ishtenos 1 · 0⤊ 0⤋
No. But work on it. I raised mine 103 points in 12 months by paying off credit cards, lowering my credit limits and closing store accounts that I don't need (Macy's, Kay Jewelers, etc). I am proud of myself.
2006-07-25 21:51:45 · answer #4 · answered by Amy >'.'< 5 · 0⤊ 0⤋