Archive for the ‘Credit Quick Tips’ Category

What Is Considered “Good” Credit?

Although the confusion of good or bad credit seems impossible to figure out, it is actually quite simple. For example, to get a loan of any kind, a credit card, or anything of the sort, you would need to have a score of approximately 650 or better. This score is not ideal in the eyes of a lender, but it shows that overall you’re worth the investment. The score lenders are really looking for is anything above 700, which isn’t as hard to attain as you may think.

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Basic Credit Report Score Information

What is a credit score?

Your credit score is a three-digit number, based upon your full credit report. Your credit report includes a history of your debt, bill-paying tendencies and loans, as well as other stats about who you’ve borrowed from, when they received your payment, if you paid early, late and so forth.

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