2007-08-30 20:13:14 · 0 answers · asked by sleepless 1 in Business & Finance ➔ Personal Finance
Here are the score ranges:
* 760-850 Excelent
* 700-759 Very Good
* 660-699 Good
* 620-659 Marginal
* 580-619 Poor
* 500-579 Very Poor
Your credit score, more commonly known as your MyFico Score is managed by Fair Isaac & Co that's where they get the name FICO from. These guys are the authorities on Credit Score rankings and are used most prominently throughout the banking and loan industry to determine the creditworthiness of a business or an individual.
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:
1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.)
2. Never Miss a Payment, Starting Today
3. Never use more than 20% of your Available Credit
4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones
6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
9. Take out a Small Personal Loan and Repay it Over a Year
10. Ask Someone With Good Credit if They will Account Shadow you
When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it...
Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:
* 35% - Payment History
* 30% - Credit to Debt Ratio
* 15% - Credit History
* 10% - New Credit
* 10% - Credit Types in Use
If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.
How Can I Increase My Credit Score
* http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/
2007-09-01 16:20:26 · answer #1 · answered by Millionster 3 · 2⤊ 0⤋
It should really be 850. If you want to check your credit score for free, just visit this site http://ponvu.com/free-credit-score-check Works always for me and shows real numbers, not just some estimation. You can learn there how to improve your credit score as well!
2014-04-03 03:26:34 · answer #2 · answered by Theodor 3 · 2⤊ 0⤋
I don't know what to say
2016-07-30 02:23:48 · answer #3 · answered by Adella 3 · 0⤊ 0⤋
830
2007-08-31 14:52:08 · answer #4 · answered by Gary 5 · 1⤊ 3⤋
Funny, I was wondering the same thing myself
2016-08-24 14:08:26 · answer #5 · answered by patria 4 · 0⤊ 0⤋
This is a great question, and one that has made me curious for quite a while.
2016-09-20 21:57:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think 900, but i'm not sure.
2007-08-30 21:43:33 · answer #7 · answered by Anonymous · 0⤊ 3⤋
850 - but they are thinking of raising it just for me!!!
2007-09-03 10:52:21 · answer #8 · answered by Anonymous · 1⤊ 2⤋
850 ....(I think)
2007-08-31 02:12:19 · answer #9 · answered by Wayne Z 7 · 2⤊ 6⤋