scorerangea628's Space http://scorerangea628.posterous.com Most recent posts at scorerangea628's Space posterous.com Wed, 13 Jun 2012 14:18:00 -0700 Credit Score Ranges - What Are the Ranges For a Credit Score? http://scorerangea628.posterous.com/credit-score-ranges-what-are-the-ranges-for-a http://scorerangea628.posterous.com/credit-score-ranges-what-are-the-ranges-for-a If a lender told you your credit score was a 615 would you know if which was good? I've heard people get excited about a 540 credit score until they found out that this scale is setup in the strange way. It doesn't start at 0 and it will not end at 1000. Just what exactly are the credit score range and also what number should you target?
Credit ratings range between 300, getting the very worst and Eight hundred fifty, which is the best that you can get. The "steps" among are not set in stone. A single point, say between a 619 and a 620 is not always the difference between have good and poor credit.

Let's start at the top. A credit score 750 or over is excellent. People in this range have few or no bad items on their credit reports. Towards the top you should have no problem getting a bank loan easily and at a very preferential rate. If your credit score is this range, congratulations! Keep in mind it is possible to have a high score without having established credit. It won't can you any good to have an 800 in case you have no credit history.
Above 720, although it is not in the excellent range, remains to be considered good. You will obtain good interest rates and all round you shouldn't have to worry.
If you fall into the 620 to 720 credit score variety you are considered to be fair. Financial products will be tougher to get as well as the interest rates won't be great. Congratulations, you may need to take steps to increase you credit scores.
A score within the range of 619 to 350 is really a poor credit rating. Of course the lower you decide to go the worse it will get. If you are still around 600 you may be able to get a loan. It has additional restrictions, will likely require a co-signer, and the interest rates will be very large.
The good news is that your scores are invariably changing. If you find that you are in the bottom www.thecreditscorerange.org you can work to make improvements. Begin by having to pay your bills on time every month. This will begin to add positive circumstances to your reports. Over time bad items will come off your current reports, but you need to make sure that you aren't adding more. It may also help to take a course and learn more about how to improve your credit. Best of luck!

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