2007-06-18 01:16:29 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
Credit scores range from 350 to 850.Do you think 576 sounds good.
I was in your shoes once my score was 475,but today it is about 775.Just time and paying your bills on time and you will have no problem getting a mortgage.
just save your money and be patient.
Good luck
2007-06-18 01:51:50 · answer #1 · answered by Cookie 3 · 0⤊ 1⤋
576 is not a bad score but its not good either! Before you try to get a loan you really need to spend a few months to work on improving it or youre gonna get slammed with horrible interest rates which are going to cost you thousands more than if you would have just waited and did the right thing..
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Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year -- :
# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score tracking listed below. It really helped my get my score up.)
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you
See more here:
How Can I Increase My Credit Score
http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/
2007-06-18 09:06:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The financial markets and thus the financial services industry have changed in many ways in the last 20 years. The days of "can't get a loan" are long gone except for a few people with extreme problems. You may get turned down by some old fashioned lenders, so keep looking. Most will loan money, just a a rate that's a little higher than someone with a higher score would have to pay. If you want a mortgage or home equity loan, talk to a mortgage broker. Talk to a bank where you already have an account. Otherwise look online.
2007-06-18 01:29:55 · answer #3 · answered by Ted 7 · 0⤊ 1⤋
Ideally you want a credit score that is above 620, which is considered good credit. Which means that scores below that are going to be considered bad credit.
To learn more about your credit score you should refer to this article: http://credit.privacymatters.com/credit-articles/credit-score-101.aspx
2007-06-19 10:07:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, many companies cater to people with FICO scores in your range. The best thing for you to do is contact a loan broker so they can help you find a loan that fits your needs.
2007-06-18 01:23:20 · answer #5 · answered by annazzz1966 6 · 0⤊ 1⤋
Yeah you could get some loans.. But the rates will be very high unless you have great income or collateral to back the loan up.
2007-06-18 02:29:50 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Probably, but you will end up with a fairly high interest rate.
2007-06-18 01:21:50 · answer #7 · answered by jamie5987 4 · 0⤊ 1⤋