What Is A Good Range For My Credit Score Number?
Why is a credit score so important? Why is everyone so fixated on it like it’s a success indicator or a death clock? It is a completely imaginary number that really has no bearing on your credit worthiness or your worth as a human being. It is simply a means by which banks, financial institutions, and other companies use to determine how much they can exploit or abuse you in the name of getting a loan, insurance, or even a job.
Eventually, this facade will disappear and we will all look back at the tread wheel that is the credit score and wonder why we spent so much of our lives worrying about it. But, that is in the future. Today, we still have to deal with the mess that is the credit score. So, let’s discuss what it is.
What is a Beacon FICO Credit Score?
First, FICO means Fair-Isaacson. It is just a company that makes up these credit score numbers out of their you-know-what. People with high scores like to act like their scores mean they are better persons, but it is just an opinion, and that is all. FICO Beacon Credit Scores range from 301 and 849.
The higher the number you have, the better, I mean, the more credit worthy you are.
For instance, you must be an exceptional human being who looks good and sings well too if you have a credit score of 800. Good for you!
Credit Score Range
Since there are scores, there must be ranges, like grades in school. Well, of course there are. Take a look at the following list…
| Excellent Perfect (Blissfully unaware of the spreading poverty.) | 749+ Great Very Good Perfect (Go Get That Loan!) |
| Good (You are hanging on to your lifestyle with both hands.) | 699 – 748 (Using Debt for a Better Life) |
| Fair (Your standard of living is rapidly dropping.) | 649 – 698 (Using Debt for an Average Life) |
| Poor (You hold your head in shame when refinancing your home.) | - 648 (Using Debt to Hang for Better Days) |
| Bad (Lenders can’t wait to over-charge you for a loan.) | Below 599 (In Deep Trouble, Desperate for Debt) |
| No (You don’t matter and the banks laugh when they see you) | 0 credit score Range (Forget Debt for a Good Life) |
What Should You Do For Good Credit?
Well, there is the way the credit reporting agencies, credit consultants, credit counsels, and other credit pimps tell you and there is the real way. First, the jerk-off way to improve your credit score is…
1. paying your bills on time;
2. keeping at least 3 to 6 active debt accounts;
3. maintaining low credit card balances;
4. avoiding closing credit cards, especially if you had it a long time (say more than 2 years);
5. avoiding getting new credit, loans and credit cards; and,
6. keeping accounts from going to collections like utilities, cable, and other overdue bills;
7. never co-signing loans.
These are all a waste of time at this point because no matter how good you are with credit, the lending institutions are determine to starve the average guy from going into debt, while they get bailed-out by the government. If your credit is a mess, it will take months (if not years) to fix all this. AND… there is no guarantee it will work.
What You Should Really Do For Good Credit?
What you must do is bug the H E double-hockey sticks out of the credit reporting agencies. Get your credit score and all the negative items on your credit report. Challenge absolutely everything. Keep detailed records of your interactions with credit reporting agencies, dispute debts, creditor calls and correspondence, legal judgments against you, everything related to your credit score and debt. This is the first step.
Your goal is to irritate the credit reporting agencies to such a degree, that they dread when you call or contact them by mail. If they refuse to treat you fairly, there are a number of different Federal Laws they would be violating. With all your detailed records, you could get a nice lawsuit against them, and get a decent settlement. AND… they would still have would still have to fix your credit score. It takes time to do it this way too, but at least you are in charge instead of letting them give you jerk-off advice that doesn’t involve them (the credit reporting agencies).
What is considered good credit to get approved for a auto loan? Car Loans Auto Loans Truck Loans for any credit score, car loans credit reports, Can I get a car loan with a credit score of 640, get a car loan approved with a credit score of 670.
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