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Good Credit Score

What Is A Good Credit Score?

Credit Topic: Good Credit Score
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Anytime you want to make a major purchase, or secure a loan, you’re going to have to think about your credit score. A good credit score can be the difference between getting a loan with a low mortgage rate to buy a house, or not. It can be the difference between buying a car and getting a low percentage rate on your financing, or paying a ridiculously high interest rate on the loan.

A good credit score means getting great offers for credit cards, and not worrying about whether you’ll be turned down for that department store credit card you want to get to save money on purchase. A good credit rating and score is a must in today’s world where so much rides on your credit report and history.

What Is Considered A Good Credit Score?

Credit scores are typically a range of numbers anywhere from 0 to 850. Anything below a 600 is typically considered a bad credit score. Having a credit score in the high 500’s may still get you the loans you need, but your interest rates are most likely to be sky high. A credit score of 850 is typically considered to be perfect, and anything over 700 or 720 is considered above average. If your number falls between 600 and 720, you’re in pretty good shape, though obviously the closer you are to 700, the better off you’ll be.

What Is A Good Credit Score To Buy A Car?

As the U.S. economy hit rough patches in 2008, credit scores became all the more important. Auto lots may have dropped car prices drastically to boost business, and even offered 0% financing, but they were very careful to only approve those with credit scores they trusted to pay on the loan. Most likely, if the economy gets worse and business drops, car vendors will become more desperate to move stock, and wind up selling cars to people with low credit scores. Typically, car lots will give you an opportunity as long as your credit score is over 575, or you show a responsible credit or payment history.

For more information on bad credit auto loans, we recommend:
- Bad Credit Auto Loans
Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. Learn what you can do to repair your credit.

- Bad Credit, Personal Loans and Auto Loans - Bad Credit Resource for personal loans, auto loans, credit cards, credit repair, debt consolidation, filing bankruptcy, and government grants and government auctions.

What is a Good Credit Score To Buy A Home?

Due to dips in the housing market the past couple years, mortgage companies have been very choosy about who they loan too. The higher your credit score, the better off you’ll be. Typically anything over a 700 should still net you a decent rate, and as long as you have a 650 or higher, you probably won’t be turned down, though your interest rate may not be as low as you’d like.

The bottom line is, your credit score is nothing to mess with. Too many major purchases and decisions are based on things like credit score, credit history and employment history. If you have no idea what your current credit score is, you will definitely want to find out. If it’s anything below a 700, you may want to start researching ways to improve your credit score.



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What Is A Good Credit Score? Answers From Yahoo!

  • Open Question: Can I transfer into Boston College, Northwestern or Notre Dame?

    I'm a community college student and I'm Cuban American. This is my 3rd year in college and 2nd in community college. I tried to transfer last year but I got rejected by NU and waitlisted by BC (rejected) Didn't apply to Notre Dame. I was an average HS student. lazy. 3.3 GPA on a 4.0 scale and I had lame SAT scores (600CR/580 Math/720 Writing). Since then I've retaken the SAT in June and got a 760 on the Critical Reading section and 20 points higher on the Writing 740. But my math score was still bad 640. I'm REALLY not a math person, I've only taken 1 easy math class in college cause of my fear of getting a C or worse in a college course. Btw! I also took 3 SAT Subject Tests over the summer since I never took them in HS. Literature- 680, U.S. History- 710, World History- 720 My college GPA is a 3.8 and I've taken 70 credit hours so far. Do you give me a good shot of transferring into NU, BC or Notre Dame? I haven't gotten a grade lower than a B since my sophomore year of HS and there were serious domestic problems I was having then I'm a History major btw

  • Resolved Question: Please review this and let me know what you think? :)?

    I am applying for my first Studio, its a low income housing complex that has a very intense screening process. They pull your credit report and it has to be at 650 or higher (Im at like 653 w/ Experian- but I dont know what bureau they use that might make my score a little lower. A coworker has suggested turning in a friendly statement of facts along w/ a copy of my experian report explaining any points they may possibly view as negative. Please read the below and let me know if you think its too much? Its okay? Any advice much appreciated! ******************************************************** This is my personal statement regarding any possible negative points of my credit report in further detail. Possible Negative Point 1- Large amount of money owed in total: This is for one reason only and that is my student loan amount. I attend a private nursing school and have needed to take out a US Dept of Education loan on the tuition cost. I have been paying back interest that may be building up here and there, but the large amount of money I owe is due entirely to student loans. These are government funded loans and I am not scheduled to begin paying these back until 6 months after my graduation date. My auto loan remaing balance is under $1000, and per my credit report you can see that it will be paid off in full with 3 more months of regular payments. Possible Negative Point 2- Low Credit Limit on Revolving Credit Card, and amount owed closer to the total limit: I recently had a emergency large ticket item on my vehicle and had to turn to my credit card to help pay for the repair. Per my credit report you should see that I have only been over the limit once by error but have maintained this credit card in good standing and most often with very low balances since I received it when I turned 18 in 2006. Things I would like to be considered: I am 22 years old and am currently bulding my credit. I have never taken on a financial responsibility I wasn't able to handle and my credit report should reflect that as well. I had a $9,000 car loan that I obtained in May 2008 set to last for 4 years. Through timely payments and extra payments I will be done with this loan much ahead of schedule by the end of 2010. I have also attached a copy of my Experian Credit Report in full detail as I obtain those free with a monthly subscription in case your source of credit reports don't provide enough detail to support my facts above. I appreciate you taking time reviewing my statement. I would very much like to be approved for this apartment and therefore felt the need to point out the reasons for any possible negative point of my credit report in further detail. "My Name"

  • Open Question: I have 1000 down and need a used car?

    I live in dallas and i am looking for a used car with 1000 down, i really want to find a place that can build my credit because as of right now i do not have any. My credit score is 604. I am a nursing student and i need a good reliable car. I am willing to pay up to 350 a month. any ideas for any car dealerships in or around dallas tx

  • Open Question: Credit Card Limit at first.?

    okay well i have a credit score of 610 but i have 0% debt and i make about 98,000 a year. I recently applied for a capital one venture card (cc for people with good credit) because the receptionist said i can apply for it. I applied for it and there is processing going on for review. If i do get accepted, will my credit limit be low? like 500? I generally want a starting credit limit of 10,000, i can max it out and pay full each month to get the highest limit possible. Is this by any chance possible to start off my credit limit of 10,000 with only 610 credit score but 98000 annual income? Please help thank u

  • Open Question: Can somebody edit my essay?

    I am doing a Compare/ Contrast essay, can someone help me? Im comparing dual credit vs. regular classes at high school This is my essay: Dual Credit is a college-level course taken at a high school campus, by a high school student willing to jump up to higher level work, treat and pressure. The course gives the student both high school credit and college credit, it is a very good way for a student to get college credit while in high school. The course requires a placement test, which the student has to take months before and has to get a certain score to be placed in the class. Dual credit is available to high school juniors and seniors and can only take two classes per semester.Some students take the course at a high school campus, while some others take it at a college campus, but both are beneficial and give students much opportunities of having a career, and also, looks good on an education resume and transcript. Although a dual credit class is taught at a high school campus, it is very different from a regular high school class. Things like the work, the way students are treated, and the benefits of each class, make a dual credit course much different and even harder than a regular course. The work students do at a regular high school class is very different from a dual credit class. Dual credit teachers give more work than regular courses teachers, the way the work is done is more strict and demanding. It has to be done a specific way, and has to meet the requirements of a college-level class. The teacher expects more details, ideas and organization from the student and the grading policy is very specific too. The level of work is much different from a regular class. For example, the students read an essay and have to answer the question, “What was the author’s main purpose on the story?”, a student in a regular course can just answer what they think the author wanted to say and maybe explain a little more why they thinks that. A dual credit student does not just only answer why, they also would have to provide textual evidence, answer more in detail, and make the teacher understand what they are trying to say, in other words, their answer is more longer, more detailed, and elaborated. The same thing is in math, they have to show all their work and get the answer correct, also in science, reading, and social studies, whichever class the student is taking, they have to provide more detail to an answer and explain better. The work level for both courses differ in many ways. Not also the work is different, but also the way students are treated. Regular course students are treated a very different way than in a dual-credit class. There is no late work on a dual-credit class, only if the teacher allows it, and the student gets twenty-five points taken off the grade for each day the work is late. While in a regular class, the student can turn in late work and get the same grade maybe only five points taken off. Also, teachers are not always going to be aware of students and how they are doing at a dual credit class, students have to be responsible and look out for themselves because nobody else is going to. On a regular class, teachers are always on the students and chasing them for work and homework, and help them, tutor them so they can pass the class, and even keep them in lunch detention to finish the work. Being absent to a dual credit class, is a very big issue, students are responsible for asking for work on time and also turning them in, teachers only give a chance to re-do assignments to students if the absence is excused, and they only have one day to do it. Not in a regular class, the student asks for the assignment and can turn it in later on, and still get a good grade on it. Both classes have different benefits for the student. A dual-credit student has a lot more benefits though, because of the fact that the student is doing double the work and pressure. A dual-credit student gets college hours for each credit class they are in, which means that when he or she goes to college, they already have hours which make them a sophomore, and they can get their degree even earlier than a regular student. This also looks good on a student’s curriculum, it shows the student was able to complete a college level class, and he/she is responsible, so they are ready for any college, they already have the experience. A regular student has benefits too, they can have higher grades on their transcript, because the regular course work is not that hard, so they can get A’s on their report card, which colleges are looking after too, students with good grades. That can also higher a student’s GPA (Grade Point Average), and that can make the student eligible for many colleges and scholarships. Both dual and regular courses can make a student earn chances on having a career, if the student works hard, puts effort on school, and works hard this opportunity can get to them more easily..

  • Open Question: What would I need to do in order to buy a house?

    I'd like to purchase a house around $120,000 but I have really bad credit. My credit score is in the mid 500's. I do have a good job I've had for about 2 years. What can I do, if anything to purchase a house?

  • Open Question: My mom loves me, but makes me feel bad about myself. What can I do?

    Today, when we were grocery store shopping, I got ice cream. I wanted to make a milkshake. My mom screamed at me and said I didn't need it, and when I tried to put it back she shoved it back in the cart. When we were standing in line she threw her credit card at me so I ran to put the ice cream back (leaving the line) and when I came back she was standing there and said I lost all chance on all groceries and we went home and she screamed at me while my brother sat in the car for thirty minutes. I know she loves me, but I don't know what to do. She verbally abuses me all the time and makes me cry at least once a week and seriously cry (like I am now) twice a month. She has been diagnosed with depression and does nothing but scream at me and tell me how stupid I am and how I have no friends and will be a failure. I am pretty–not when I'm crying, but I have largish eyes and creamy skin and full, pink lips. I'm not exactly going to win beauty pageants, but I've gotten asked out plenty of times. I am smart–it's hard for me to get good grades when my mom is screaming at me and telling me to walk to school at 7:40 AM (I live 1.3 miles away, it takes about 30 minutes) when I have tutorials, but I've gotten about 3.76-3.8/4.0. Low A average. I also got a 32 on my ACT. I scored a 132 on an IQ test. From what I remember–that is gifted. I'm a very good writer and have won journalism awards. I won't win a Nobel Prize, but I am not stupid at all. Going to my dad's is not an option. Although my mom verbally abuses me, he does it emotionally–he's very twisted and much worse than my current predicament. If I went to my grandparent's, I'd be happy but going to a very bad school and most likely a semi-decent college. (Don't say "take them", they're not angels, they're still human. I wouldn't entirely be escaping my mom, anyway.) I've weighed my options, staying here is my best bet. My mom is nice a lot of the time and hugs me and tells me she loves me, but others just gets mad and screams all the time and tells me she wish she'd never had me. I am crying as I type this, this is not a koke and I feel like **** all the time and I don't know what to do.

  • Open Question: What are my chances for Rutgers university?

    I plan to apply to New Brunswick and Newark Rutgers. There's nowhere else I want to go but I'll need to look for at least 2 more schools I think. I plan on majoring in chemistry and getting my bachelors. after that, i'll either get a masters degree to work as a pharmaceutical scientist in drug design or go to pharmacy school. What are my chances for rutgers? SAT scores: math 640, reading 580, writing 610, essay 10, total: 1220/1830 I have no volunteer work, no job, but I have a few clubs - 4 are honor society clubs i plan on trying to get into a few more next and final year. my gpa is 3.65 i am ranked 22/170 my public school is ranked 100th in the state of New Jersey. I'm from new jersey. indian/asian I have taken regular and honors courses all throughout high school. I am taking my only AP- ap english literature. I took a college course from NJIT through my school- pre calculus NJIT and I got a C. i'm taking NJIT chemistry next year. i'll be paying for it and expect to do well since I'm better with chemistry than math in general. i didn't pay for the pre calculus credits. Do I have a good enough shot? hope so......

  • Open Question: College Transfer chances?

    Hey guys! I'm entering UT Austin as a freshman but I'm wanting to transfer to NYU, Barnard, Eugene Lang or Fordham for second semester freshman year. I got into Fordham previously but chose not to go (foolishly). Anywho, my high school stats were okay, I did IB diploma and I had a 3.45 gpa. I also got a 31 on the ACT. I had awesome extra curriculars and community service stuff too. (I'm starting UT with 18 hours credit, so I'll have enough credit by december to transfer). This semester I'm enrolled in 17 hours currently (French I, France in Popular American Culture, Fundamentals of Public Relations, Art History and Conceptual Physics). I am going to get straight A's if it kills me. Also, I'm doing a video editing class, a photography/photoshop class and an art class outside of school. I'm going to work at my mom's restaurant and my dad's lawfirm and I'm also going to join a club at UT. What are my chances of getting into the above schools? I'm applying for a public relations major at Fordham and Eugene Lang, Film Studies at Barnard, and Media, Culture, Communications at NYU. I'm also planning to minor or double major in French. I've heard that Eugene Lang accepts people with gpa's of like 2.5 and ACT scores of 27 so I have a pretty good feeling about that school, but still. Thoughts? so yeah-what are my chances? Thanks!

  • Open Question: IF I have a credit score of 560 and pay all of my debt off which are collections will my ...?

    credit score go up to at least to 630 or higher? Also what is a good credit score?

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