Tag Archive | "what is a good credit score"

What is Considered to be a Good Credit Score?

What is Considered to be a Good Credit Score?

Posted on 08 June 2010. Tags: , ,

We constantly watch commercials and hear radio jingles about services that help you improve your credit history, and what can be the possible consequences of not having it repaired. So, by now, I guess, you know how important it is to have a good credit score. But what figure is considered to be a good credit score? Generally, anything above 700 is considered to be a good score. However, you don’t achieve everything just by having this score. It is not necessary that a lender would approve your loan application just because your score is 720 or 730. There are various factors that influence their decision which includes your credit worthiness, credit history, credit utilization, and so on. Although there are many types of credit score available in the country, FICO score is accepted as the [...]

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