The lowest being 300 while the highest is around 850. My score is 623. Is this bad?
2007-06-01 16:30:19 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
Not great, but a lot of people have worse. You can improve it.
2007-06-01 16:54:02 · answer #1 · answered by lady 5 · 0⤊ 0⤋
My score is in the low 500's-that's bad. Your credit is fair, but you still may pay higher interest rates on credit cards and loans and such. The higher your score the better your credit rating. My mom has such a high rating that banks send her blank checks and she can fill in any amount she wants.She goes to Vegas every three months and she bought a brand new Kia three years ago that she's looking to trade in for a truck and her bank is looking at the deal for her, she just has to go to her bank to pick up the keys when the deal is over. Have you ever sat in first class on an airplane? If you have, having good credit feels like that and if you have not-you have to raise your score-have to,have to,HAVE TO!!!! (smile)
2007-06-01 16:40:57 · answer #2 · answered by monicastocker74 3 · 0⤊ 0⤋
733 is an extremely stable score, so which you need to be eligible for the best costs. ensure the different effective factors of the enjoying cards are sufficient (expenditures and so forth) for you, then %. one and prepare. you will likely succeed. the subsequent step is to maintain that credit. to try this, use decrease than 30% of your available credit at anybody time, and by no ability EVER carry a stability. If it relatively is your first card, study the contract and understand precisely how the 'no activity' deal on the cardboard works, far too many human beings don't are conscious of it. short answer is which you pay each and every cent of the steadiness on time, or you're charged activity on the great volume. credit enjoying cards are very much in case you employ them sensibly, yet a disaster in case you do no longer.
2016-11-24 23:45:56 · answer #3 · answered by ? 4 · 0⤊ 0⤋
In today's market 630 or higher seems to be the magic number to get a home loan. I'd try to get it higher as you do get much better loan terms - auto, home and credit card rates.
So your score isn't awful but not great either.
2007-06-01 17:04:23 · answer #4 · answered by Iknowthis! 3 · 0⤊ 0⤋
623 is below average, right at the bottom area for fair credit, you won't get good interest rates with that score.
2007-06-01 16:34:03 · answer #5 · answered by Gordon S 5 · 2⤊ 0⤋
the higher the better
2007-06-01 16:37:59 · answer #6 · answered by xjoizey 7 · 0⤊ 0⤋