What Is A Good Credit Score?

 Is yours excellent?  

From: Kate Rieger, President
Re: Is your's a good credit score?
Corydon, Southern Indiana
Tuesday 03:38pm

Kate Rieger  What is a good credit score?

Lenders often use the FICO score when reviewing an applicant's request for credit. A FICO score is a mathematical calculation the measures your capacity to repay a loan.  Measurements are base upon a number of factors that include:

• your current outstanding debt
• places and the number of times you have applied for credit
• the kind of credit you have taken out in the past
  late payments in 30, 60, and 90 day increments
  over extension of your credit lines
• liens
• garnishments
• bankruptcy

Here's a breakdown of credit ratings also known as credit scores:

FICO Score: 700 and up

Scores 700 and up considered excellent.
Most lenders will categorized this group as A rating.
Scores within this group will have access to the best interest rates and terms.

About 60% of the U.S. population falls within this credit range.

FICO Score: 600 to 699

Scores 600 to 699 are considered good credit.
Most lenders will categorized this group as B rating.
Scores within this group will have access to good interest rates, but may not qualify for the very best interest rates and terms.

About 27% of the U.S. population falls within this credit range.

FICO Score: 500 to 599

Scores 500 to 599 are considered risky credit.
Most lenders will categorized this group as C rating.

A loan applicant with a high FICO score will likely receive instant approval with better than normal rates and terms — which means lower cost when you borrow money.

Scores within this group may still qualify for a loan, but may have to pay at least two percentage points or more higher that the group in the excellent category.

About 12% of the U.S. population falls within this credit range.

FICO Score: 499 and less

Scores 499 and below are considered very risky credit.
Most lenders will categorized this group as D rating — which means the applicant may have foreclosure, liens, and credit judgments.  Scores within this group may still be eligible for a loan, but may have to pay at the maximized rates determined by State and Federal regulations.

About 1% of the U.S. population falls within this credit range.

If you are interested in starting your own program to improve your credit scores today all you have to do is enroll in my free online mini course called  "Extreme Debt Reduction & Credit Score Boosting Strategies That 98% Of Borrowers Will Never Know -- And How You Can Learn These Strategies Too..."

The course has 7 easy to follow lessons that you can refer back to at any time. To start this free, online mini-course, please complete the short form below and you can start immediately -

Yes Kate - I want to start today!

What others are saying...

Hi Kate,

I do want to thank you so much for your quick and thorough responses to my questions. I am amazed at the amount of information you manage to deliver. Your  program is terrific.

You give an awful lot of personal attention that can never come from a computer program.

Thanks for everything - I mean it!

Melissa

Louisville, KY

Dear Ms Rieger,

God Bless You!

You treated me like I was someone important.  I thank you for that and for showing me how to improve my FICO scores. You are truly amazing!

Sincerely,
 

Roberta D.

Jeffersonville, IN  

Credit Rejuvenations Rocks!

Dave

Warmest Regards,