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Does anyone know what a good credit score is? I am referring to the FICO score.
Tim fom NY
Above 700 is a really good score. I think it goes to about 850.
scores range basically from 350-850- the higher the better. Most mortgages require at least a 675 or higher and most 0% car loans require 750-800. Only something like 1-3 % of people have a score over 800. I did at one time but after I paid off all my accounts and closed all but one it dropped to 736. But thats okay because I am not planning to apply for or use my credit anytime soon and I was concerned about leaving acccounts open because of id theft fears.
700+ I think.
Try this blog, it explains it: http://www.credit-rating.in
I did mine recently.The scale now goes from 501-990.
This guide is about understanding your credit score. When you know what your credit score means, it can help you determine how best to conduct your borrowing.