what is considered a good credit score?

Question

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

Answer 1

Your credit score is so-so. If your credit score is over 800 - you are in 10% of the populace. The credit score of 710 halves Americans - one half has a higher score, the other - a lower score. Those who have credit score below 575 are in the bottom 10%. bottomline: you are neither in top 10%, nor in bottom 10% . Your credit score is a little bit lower than everage. If you want to know how your credit score is composed you can check out http://www.credit-land.com/articles/articles_page_4420_171500.php
By the way, where did you get you credit score from? There are three major credit bureause and the score they give you may differ. Their credit reports might contain errors that hurt your credit score. You can contact the credit bureaus and ask them to remove the negative items.

Answer 2

The definition of a good credit score is based on the nature of the loan availed. But in the general, a good credit score is a score that confirms to the FICO rating. This rating is a number given to people in respect of their credit. A good credit score is nothing more than the FICO (Fair Isaac Company) rating. This organization carries out statistical research to gauge the chances that people will actually repay their debts.

The FICO numbers determine what makes a good credit score as a range that generally lies amid 300-800. Usually higher the number, better the score. E.g. a person whose score is 700 can easily answer what a good credit score is by considering the interest on loans they get. Usually they get excellent offers because of their rating.

Answer 3

almost good. Most 100% financing loans require a score of 680. To acheive this you must close you most recent acquired account, provided you have more than 3 open credit lines, or pay down your highest credit balance to less than 50% of your credit limit.

Answer 4

Good Credit: 700-749

Answer 5

above 600 a credit score is considered good a bank will look at how much money you make than how much you spent, and what you have left over for you, than the bank will check how high your payment on the loan is and if you have enough left over to spent after expenses, it also looks at the highest payment in your credit report to such as house, cars payment , to many high payments hurts you buying power

Answer 6

I think the below website helps you to raise ur credit score

Answer 7

I think it's on higher end of average mine is 650, a real good score is 700 or more, excellent is 800

Answer 8

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Answer 9

A good credit score is between 450 and 850... I'd say your's is decent.

Answer 10

Not great. The highest score is 850.