How Do I Get In The Better Credit Score Ranges?

If you have a bad credit score, you sure would like to know how long will it take to fix your bad credit. You would like your score to be in the better credit score range than where you are now. You have dreams of one day buying a house and would like to qualify for a low rate mortgage loan.

Or you have a low credit score and you are paying a high double digit interest rate on your auto loan. You want to know how long for your credit scores to improve so you can refinance at a lower interest rate and lower your monthly payment so you can see your principal balance go down from month to month.

There are many reasons why you would want to improve your credit score. It will not happen overnight but with the right financial habits you can get a better credit score and get better interest rates. Avoid credit repair companies that promise they can quickly improve your FICO by 50 to 100 points in 30 days or less.

There are a lot of scams out there when it comes to credit repair. They prey on your desperate situation to save money and qualify for a home or car loan. Do your research before you give any of these companies your money.

So how do you get in the better credit score ranges? Number one is pay all your bills on time. Do not make late payments. This is the worst thing you can do for your credit scores. Over 1/3rd of your credit score is determined by your payment history.

The next biggest factor is how much you owe to your creditors. If all your credit cards and department store cards are maxed out then you need to get these balances reduced to get a better credit score. The goal is to be under 25% credit utilization. So if you have a $1000 limit credit card, you want to keep the balance under $250.

The next biggest factor to get into the better credit score ranges is how long your accounts have been opened. The longer the better. You want to have accounts in your credit report 5, 10, 15 years old and longer.

Working on these 3 credit score factors alone will greatly increase your Experian, Equifax, and Transunion credit scores. The better you get at paying your bills on time then the more your FICO will increase. You can expect to see improvements in your score over a 6 to 12 month period. You can use free credit monitoring tools like Credit Karma and Credit Sesame to keep track of your progress.

Check the Situation That Best Applies to You... And Then Click the Button Below to See Your Credit Scores Free I want my free credit scores I want to apply for a credit card I want to protect my identity Just curious (Click the button above to see your Experian, Equifax and Transunion credit scores absolutely free)

Good Credit Score Range

What is your credit score? Do you have a 670 score? Is that good enough to get an auto loan? What kind of credit score do you need to buy a home? Is a 700 credit score good enough? How does your compare against people your own age or in your own state? What is the good credit score range?

There are tons of questions when it comes to knowing what’s in your credit report and how that data gets put into a formula and out comes your credit scores from Transunion, Equifax, and Experian.

Lenders then use this information to decide to lend you money or not and at what interest rate. Your score is one main factor that determines if you can buy a car, truck or SUV, get a home mortgage, or if you have a mortgage already, if you can refinance your mortgage and take advantage of historic low interest rates and lower your monthly mortgage payment, if you can get approved for a credit card or line of credit or personal loan.

Having a score in the good credit score range will help you get a 1.9%, 2.9% or 3.9% APR interest rate for an auto loan. While having a below average or poor credit score will ensure you have to come up with a larger down payment and pay a double digit interest rate such as 14%, 18% or even 20%!

So what kind of scores fall in the good credit score range?

Transunion, Equifax, and Experian scores from 670 and up qualify as good scores. So if you have a FICO credit score of 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 you have a good credit score and can qualify for some of the best interest rates when you want to buy a home, car, or boat and refinance your mortgage, get approved for a good rewards credit card, or obtain a line of credit for your small business.

what is a good credit score

 

If you happen to have a credit score from 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 to 850 you will have what is considered an excellent credit score and can pretty much buy and get approved for whatever you want. But if you have a credit score in this range you have shown good financial discipline and have not been spending too much money on wasteful things.

What about the average credit score range? Credit scores can vary based on age and location. The average credit score of 18-24 year olds is 638 which does not fall in the good credit score range while the average score of 45-54 year olds is 685 which does fall in the good credit score range.

And then you can compare national average credit scores. The average credit score in Texas is 664 while the average credit score in California is 685. In Florida it’s 668 and in New York it’s 683. (Source: Credit Karma)

To answer the question about what credit score you need to get an auto loan, you can qualify with scores in the 500s but you will have to come up with a larger down payment, show a longer job history, and pay a higher interest rate.

Now you know what scores fall in the good credit score range. You can take the next 2 minutes and find out all 3 credit scores free from Experian, Equifax, and Transunion credit reporting bureaus.

Is this my credit score?

I just applied for a school loan through pnc with a cosigner. After i applied, PNC has emailed me with a document attached about my credit score. Is this score mine? or is it my cosigner’s? or mixed? The document only had my name in the title and never mentioned my cosigner.

I’m a student and this is my first private school loan. Last year i received some subsidized and unsubsidized loan through the school. I aslo have a credit card but i’m not sure how that works. My dad, my siblings and I have credit cards with the same credit card number and my dad pays for it all. and each of our cards has our own names on it.

with all that, is it possible the the document with the credit score is mine? i looked it up and the score is in a good range.

How to build credit using a LLC?

I am interested in owning multiple investment properties. I have heard that it is safest to keep my properties under seperate LLCs. I am currently trying to decide if it would be better to purchase the first property and then transfer it to a LLC or if I should establish the LLC and then begin to build credit using my tax id and if so how.

FYI: My personal credit score is low in the range of 630.

I'm looking for a legitimate online lender for an unsecured personal loan. Please, share your success with me!

I’m looking for an unsecured personal loan for ,000 – ,000. I’m interested in 5 – 10 year repayment term with an interest rate of no more than 12%, preferablly under 8%. I would like to obtain this loan within the next month.

I have a minimal amount of credit card debt of less than ,000. I have a pretty good Fico Score of about 650 (& rising) through Transunion (the last time I checked all 3 bureaus this was the lowest.).

I’m interested in any helpful suggestions. Please, let me know if there is somewhere you recently received an unsecure loan from and what the range of terms are. Or if you know somewhere specific online that is currently granting these types of loans.

I don’t want to lower my credit score with a bunch of unnecessary inquires on my credit report. However, I’m serious about this and want to receive a loan from a reputable company.

Thanks in Advance. Have a good day!

Need help getting a home loan?

My fiance, our 2 children, and I have been renting the house we live in for 2.5 years, paying 0/month rent (which is pretty high for our area). Apparently our landlords haven’t been paying the mortgage on the house, because the house is now in it’s 2nd foreclosure since December 2010. They got it caught up the first time, but it’s now in it again.
So we are sick of paying so much rent, and not knowing from month to month how long we are going to get to stay here. And we want something we can call our own!
We have gone to my bank where I have had 4 car loans through, but they can’t give us a home loan. I have also tried a few other places, with no luck. My Fiance has no credit, and I have a 600 credit score (Medical bills). I have no income as I’m a stay at home Mom, he has a really good job, so we would have no problem paying monthly.
Where can we apply for a home loan, that will help us out? We are looking in the ,000-,000 range, which our payments will be less then the rent we pay now!

How long do you have to work at a job along with having good credit, to qualify for a loan?

Roughly when having a 710 credit score. How long would you have to have been working at a job to get a loan within the 5-10k range?

Can we get a car loan for a used car?

Me and my boyfriend are planning on getting a car in a couple of months and i was just curios as to how they decide on whether to grant you credit? My credit score is 600 and my boyfriends is 720, we have a down payment of 2,000 and are looking at some cars ranging from 10,000 to 15,000 is there a good chance we would get approved?

Quick question on increasing my credit limit…?

Hey guys

So, my credit history *just* started back in January of 2010, with my first car. I scored an amazing deal on a used Scion Xb, which as a dude, I wasn’t too key on getting a box car, known for containing annoying girls texting. Hah. Great car though, honestly is. Anyways, as that was my first action of credit, I realized I had to get a credit card for the only purpose of enhancing my credit. I don’t need the extra money, in fact I don’t see a credit card as "extra" money in the first place. But I got a mastercard from Capital One in August of 2010. Ever since getting the card, not only have I never missed a payment, but I pay it off in full every month. It worked great, and at 20, I had a credit score of I’m pretty sure 690 ish. The only reason it wasn’t higher, is because well, I’ve just started getting credit.

As of now though, I have the same mastercard. The APR is insanely high, I thikn about 18-22%, thus why I always pay it off in full. However, this year I did try to get a new credit card, due to trying to get a lower APR, and in January for some reason my credit dropped to 655. I also applied for an apartment, and a refinance on my car. I wasn’t planning on refinancing my car, just wanted to know what I’d be looking at if I ever had to. Lady didn’t tell me afterwards that she had to put a hit on my credit. Boo. So I got all those hits on my credit, and it struck me today. My card is only a limit of 0. If I have a MAJOR car repair, I can’t fix anything with that amount. Sure I have about 0 in savings, but I can’t afford being without a car. So I’ve decided to either A) Raise my limit, or B) get a second card. I know how to raise my limit, call the company, answer their 20 verification questions, listen to their deals etc. then ask. But I’m wondering if I should. Is it better to ask for a raise of limit to someting maybe even as high as 00, or to get a new card? If my credit was 655 back in Jan. Feb, would all those hits for that new card, the apartment, and the refinancing have hurt my score? I also kind of sort of had a high balance this past few months. of course I still pay it off to 0 monthly, but I know if your balance is over like 40% your credit drops…

Sorry, I know this is a blurb of incoherent blabber so I will try and make it concise:

If my credit score is about the 650, 660-ish range, should I:

A) try to get a new card in entirety,

B) try and raise my limit

C) Is free credit report worth? I did it last time to find out my score, charged me a dollar than I had to call in and cancel it, always a hassle.

d) How much does a hit on your credit usually deduct?

Thanks guys, I really appreciate it!
Ok. Thats what I was thinking. I think I’ll just bite the bullet and do freecreditreport.com to see what it is, just so I can know where I stand. Hopefully my credit has gone back up to the 700s. I wasn’t expecting anything better than like 0 or maybe even 00 from increasing my limit. I am aware .5k is a stretch. Thanks though!

credit score question?

I have a credit score of 596 where does this fall in relation to creditors is it really bad or just kinda bad borderline good? Is there anyway to improve this score? i have 4 open credit cards(2 which will be paid off next month) but the other 2 are in the 2000 range on balance i also have 2 student loans that equal about 8,000. Do student loans bring down your score when in deferment? Oh there is also a library account that has gone to collections that i didn’t even know existed but its only 70 bucks. lol. Will it help if i pay this off as well?