Credit Score????????????????????

Sammy Hatzenbihler: This should help you to understand how credit scores work..FICO scores from 300 to 850 and Vantage scores from 501 to 990.Here is the breakdown for both systems.Vantage Plus system scores from 501-990.A-901-990B-801-900C-701-800D-601-700F-501-600FICO system scores from 300-850.Elite-740-& upPrime-700-739Preferred-660-699Standard-625-659Sub-prime-624-& underFICO is the only one that matters since it's the one that all major lenders look at. So as you can see it depends on if your looking at a true FICO score or a Vantage plus score. As far as what makes up credit scores it's the following;1. Payment history (longer the better) 35%2. Time in bureau (longer the better) 15%3. Types of credit (mix of credit cards & installment loans) 10%4. New credit (new accounts and inquiries) 10%5. Debt to credit ratio (lower the better) 30%And just so you will know Experian only uses Vantage, Equifax only uses FICO and Transunion uses both depending of which type of cre! dit report is requested of which there are 3. The standard that people get from the Internet, the auto enhanced which only car dealers and lenders see and the factual which only mortgage people see. The last two are not available to the general public.To have the very best score and profile people need 3-4 credit card accounts (revolving) with balances below 30% of their credit limits and 2 cars, homes, boats, motorcycles, computers, furniture or personal accounts (installment) all with good long payment history's.Add to this that unless you get your scores either direct from either Equifax or myfico.com your getting what's called a FAKO score which makes it even worse because they all have their own system to calculate scores.Credit scores are based on the last 24-months of activity, and they can change daily depending on what information has been submitted by your creditors....Show more

Emerita Sciandra: Pretty much anything in the 700's or higher is considered good! credit. Mid 600's is considered average to below average.A hi! gher credit score entitles you to low interest rates on loans, access to more credit and lower interest credit cards, and low rates on things like auto insurance.It is pretty important to keep your credit score above average, but it can always be improved with better financial habits. So, if you have had problems like a bankruptcy or foreclosure, you can still recover from that. It stays on you account for 7 to 10 years, but you score can improve a good amount, even with those negative items....Show more

Vida Miss: 850

Tyler Burkman: Above 720 = Excellent credit 660 - 719 = Good credit 620 - 659 = Fair credit Below 620 = Bad credit Less than 3 years of credit (e.g. students) = Limited history / New to credit...Show more

Ricardo Rozelle: most company that i have been dealing with say 680 and above

Ewa Homrich: Everyone else threw out a specific three-digit number, but a "good credit score" goes well beyond the actual score. Why? Because yo! u can have a "good" score but get denied credit, while another consumer with a lower credit score will get approved for the same line of credit. This has to do with credit history, which often times is much more important than a numerical score. So for someone to tell you "X" score is good would be shortsighted. But those scoring ranges are a generalized way of seeing where you stand......Show more