Credit scores are a lot like money and it is the way you handle it that determines how much you have left. In one sentence, they’re expendable. One warning: never joke with it and always try to increase it no matter how hard it may seem. This brings us to the all important question of finding out if your score is either good or bad. Here’s a recent grading so you can know the category you belong to.
Remember that these grades are subject to change depending on the situation of the economy at particular times. That’s because lenders and banks change the rules of the game depending on where and how hard the financial wind blows:
• 750 – 850 (Excellent)
• 660 – 749 (Good)
• 620 – 659 (Fair)
• 340 – 619 (Poor)
• 300 – 339 (well, you find the word that best describes this category) Continue reading ‘How Do I Know If My Credit Score is Good Or Bad and What Can Be Done to Fix My Report?’ »