what's a good credit score?

Answer 1

In brief here's the list of credit scores, the average score in the US is about 692. A good credit score as you can see is generally anything over 700.

* 760-850 Excellent
* 700-759 Very Good
* 660-699 Good
* 620-659 Marginal
* 580-619 Poor
* 500-579 Very Poor

Answer 2

The scoring system runs from 300 - 850. (Different bureaus even go to 853) Excellent is anything over 740, Great is anything 640 -739, and Good is 620-639. Although depending on what you are applying for will depend on what score they use. Most of the time you will have 3 scores from which they will choose to use when you apply for a loan or credit card. Some mortgage companies can use an average of the 3 scores, if it is better than the middle score. The middle score is normally used as it is considered the "average". But depending on what you are trying to buy it is not just the score they use. It also depends on your DTI (debt to income) ratio. If you make $2000.00 per month and you already have debt of 950.00 rent, 300.00 in credit card or revolving payments for charges, and you want to purchase a car that is going to cost you 600.00 per month you won't get approved because your current debt + the new debt = 1850.00 not leaving you with enough to carry you through other living expenses. So your DTI needs to be low enough to add the New Expense for which you are applying.

Answer 3

620 and up is good to excellent credit score. I found this out from www.mycreditkeeper.com checking my report once a month. No, it never hurt my score, but it kept me on top of my credit and I was very satisfied with the service.

Answer 4

700+

Answer 5

Good--705 or better; better the score, lower the interest rates you get.

Answer 6

700+. If you would like to find ways to increase your score go to: http://www.your-credit-solution.com .

Answer 7

it depends on if you are buying a house,a car or whatever. the average is like ~678.