2006-09-21 13:40:17 · 15 answers · asked by tonyv 1 in Business & Finance ➔ Credit
Its concider Good. Anything over 620. Now For Good Car Lease you need 720
2006-09-21 13:41:59 · answer #1 · answered by Rafael R 2 · 0⤊ 0⤋
The range is 450 to 850, so you are basically in the middle. Some would say that it is fair to good, however, most lenders will not give you the best rates/terms available unless you have a much higher score.
There are many sources on the web and you local talk radio stations about how to use money wisey (see several shows below). Depending what you want to do with your score and by when, you could have a lot of options.
In the meantime - look at reducing your debit as much as possible and pay off any credit cards every month. I have not paid a penny in personal credit card interest in over 20 years! And yes, my score is over 800.
Good Luck
NOTE: depending on which agency is being used - the credit ranges may be different, thus the scores may mean different things. There are three credit angenies with two being close to each other the the third using a very different scale.
2006-09-21 21:04:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Take a look at a book called, "Evil Money Evil Credit". Is has answers you are looking for. There is a blog called, "How To Get Good Credit Gab" at
www. HowToGetGoodCredit.blogspot. com
653 is not the greatest...but there are worse.
I would advise u to ask whomever you are seeking credit from in advance, which of the three bureaus they are pulling ur credit from.
If u are looking for a car and have a 653 with Experian and 700 with Equifax, u will be wasting ur time applying for credit if the dealer requires 700 with Experian.
Everytime u apply for credit...it will lower your score.
Good luck.
2006-09-21 21:37:10 · answer #3 · answered by paeradio 2 · 0⤊ 0⤋
The median score is 725, so you are below over half of the population. I would say it's fair at best (if you want a grade, maybe a C+).
A score below 660 may lead to subprime rates for loans - higher rates. You will probably get most types of loans, but will notice the interest rate is noticeably higher when compared to those with good credit.
2006-09-21 20:46:25 · answer #4 · answered by inpoetry1 3 · 0⤊ 0⤋
Fair
2006-09-21 20:42:05 · answer #5 · answered by First Lady 7 · 0⤊ 0⤋
653 is Fair, but it can get better over time. Good Luck!
2006-09-21 20:42:21 · answer #6 · answered by dempseyville 2 · 0⤊ 0⤋
Pretty darn good if you ask me, mine is a little over 600 but not 653
2006-09-21 20:42:21 · answer #7 · answered by heavenly28001 3 · 0⤊ 0⤋
Credit agencies use a base of say 400-925 being the highest, with most people falling in the 700 range, could be better...
2006-09-21 20:47:00 · answer #8 · answered by Jamaison D 3 · 0⤊ 0⤋
I believe the average credit score in America is 617 so your right on track
2006-09-21 20:42:31 · answer #9 · answered by Anonymous · 0⤊ 0⤋
it depends on were you go or what you are trying to buy but it's a pretty fair score I wish mine were that high!
2006-09-21 20:48:49 · answer #10 · answered by Ms Fee 2 · 0⤊ 0⤋