Credit Score Tips

Maintaining a good credit score is one of the most important things you can do as a consumer.


How Important

Your credit report is one of the first things a lender will look at when deciding whether or not to lend to you. Plus, many lenders have tightened their underwriting standards because of the current economic environment, requiring good or even very good credit to qualify for a loan. A credit score that would have easily qualified for a loan prior to the recession not be good enough today.

Credit scores typically range from about 300 to 850. What each lender considers acceptable may vary, but here's a general guideline:

Excellent 750 or higher
Very Good 720 - 749
Good 660 - 719
Fair 620 - 659
Poor 619 or lower


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