Nobody knows exactly what the range of credit scores is. But it is said to be between 300 and 850 (at least for FICO). Few people have less than 500 and it is very rare to find one larger than 800.
There are 3 reports and credit scores and you have tools to improve it. Read here what the credit score is and what to do to make it high.
Score from 800 to 850+
A credit more than excellent. Accompanied by years of history is ideal and will always get the lowest interest possible on any debt.
It can mean hundreds of dollars worth of savings a month in your purchases.
Score from 720 to 799
Excellent credit. And they will usually give you the interest rates that give people scores of over 800.
Score from 680 to 719
Good credit. Although it is not perfect you will qualify for most loans. His interest is going to be a bit higher than that of the excellent credit people but he will still qualify for almost everything.
Score from 580 to 619
A credit o.k. the regular. You will have problems applying to some credits. Your interest rates are going to be higher for people with good credit and everything becomes more expensive for you. If you have this score it is considered "Sub-Prime"
Score 500 to 579
Bad credit. You probably have collections, foreclosure, you finished the house or went bankrupt. Most lenders deny credit to these scores or in addition to charging you the highest interest you can ask for payments or security deposits to give you services.
If you need to buy a house and have this score, your only option is an FHA mortgage
Scores under 500
This is the worst of the worst. If you are in this range you need professional help if you want to have a comfortable financial life in the future. Read our articles in this blog on how to improve your credit score and take it up to 800.
Tips to increase your credit score
What works when we want to increase the credit score
Articles about credit score
Credit Score
Remember that every 12 months, you have the right to request a free copy of your Credit Report. It is free and you can read how to order it in another of our articles (http://www.dedeudas.com/category/puntaje-de-credito/)
If you want to know your credit score you should contact one of the companies that generate the number. You will have to pay between $ 15 and $ 45 if you want 1 or 3 scores. If you want to save money, ask the most popular is Equifax.
For more information on your Credit Score and other products, you can contact each of the companies that offer these services:
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