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.
To get yourself started on achieving a “good” credit score, obtain a copy of your credit report and verify that everything is legit and there are no outstanding figures. From there, sort out your affairs and research some things you can do to increase your score. It isn’t super difficult to have good credit. It takes some time, but it is a highly attainable goal.
Your credit report is the basis for your financial standing. No matter how slick or smart you may be, no bank will touch anyone with a low credit score. It's their money, why would they want to take a bigger risk than they need to?
If you don't know where your credit report score is at, now's the time to take a peek. Don't get surprised with a low credit score when you go in to review your report with a potential lender or even an employer, find out for yourself within minutes.