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What should be best credit score

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MDenton
Guest
 
 Posted on Wed Sep 09, 2009 1:32 am  
FICO scores range from 350 to 850. The score for the "best rate" will vary over time as lenders each crunch their own numbers to find the consumer which they most prefer. In the mortgage industry, 720 has traditionally been the line for "A" paper. I have heard that recently, scores as high as 800 have been required to avoid paying points on some loans.
goodnatured



Joined: 03 Nov 2007
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Posts: 3927



10 Magic Points
 
 Posted on Wed Sep 09, 2009 1:58 am  
what I would give to see 700, lol. I have been working on mine, slowly but surely.
fireyone



Joined: 26 Feb 2008
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Posts: 4285



127 Magic Points
 
 Posted on Wed Sep 09, 2009 5:49 pm  
I have never even knew my score. Nope not even once. I always thought it to be good since I do not get turned down for credit. Even so I would probaly look in the near future but I always find it confusing on where to go to get a score. Just like debt collection agencies, credit score agencies are also popping up all over the place and you then have the headache of finding a site that is not going to take oyur credit card for a ride or take out monthly fees from your checking account. All I would want to do is pay a one time fee to see my score and end it at that.
sunnyca



Joined: 10 Sep 2009
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Posts: 148



954 Magic Points
 
 Posted on Thu Sep 10, 2009 2:59 am  
Probably you may want to try some of the free optiosn you et with yoru credit card compny or bank


Most of them are free for 30 days and if you cancel with in that time you will probably donto pay anything,but still can get your credit report and numbers
Arya



Joined: 19 Aug 2009
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Posts: 46



1190 Magic Points
 
 Posted on Sun Sep 13, 2009 8:31 am  
minimum score will be 620.
and maximum credit score will be 850+
Meeker
Guest
Subject: Credit Score
 
 Posted on Sun Sep 20, 2009 1:24 pm  
I went in last year with my Dad and his score came back at 842!!!
I could not believe it so I went to another agency and it came in at 844.
That is the highest I have ever seen!
andybell



Joined: 11 Aug 2009
andybell's page
Posts: 19
Location: Laguna Hills


249 Magic Points
 
 Posted on Mon Sep 21, 2009 5:14 am  
What could be the best credit score that you can feel safe about?
sunnyca



Joined: 10 Sep 2009
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Posts: 148



954 Magic Points
 
 Posted on Mon Sep 21, 2009 5:35 am  
I would say anythign above 740 but you need to be care ful not to open toomany credit cards or loans it can come down quickly


So close to 780 would be really help ful
carol

carol

Joined: 27 Jun 2006
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Posts: 1307
Location: Los Angeles, California


29555 Magic Points
 
 Posted on Mon Sep 21, 2009 6:10 am  
Hi andybell

Quote:
What could be the best credit score that you can feel safe about?


Ideally a score above 700 is considered good. However, there have been instances where someone with a good score got rejected on a loan while some other individual with not so good a score got a loan sanctioned. Credit agencies or any other agency (insurance for example) do not just consider your score when they give working with you a thought. There are so many other factors that come into play when it comes to credit companies or insurance companies.

However, it is advisable that you must have a score above 700 to be on the safe side Smile
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Keep in touch
Carol
Justin

Justin

Joined: 17 Jul 2006
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Posts: 1240



28942 Magic Points
 
 Posted on Mon Sep 21, 2009 10:43 am  
Hi,

Yes, I absolutely agree with Carol. It is really good to have a 700+ credit score. The more the score, the less is the interest rate.
_________________
All the Best Smile
Justin
Guest







 
 Posted on Tue Sep 22, 2009 4:32 am  
First of all I must thank Sunnyca for the answer and after that I would like to thank Carol also for responding to my query for the first time. Keep in touch.
andybell



Joined: 11 Aug 2009
andybell's page
Posts: 19
Location: Laguna Hills


249 Magic Points
 
 Posted on Tue Sep 22, 2009 4:34 am  
Like always I again forgot to login and that's why just sending this message again "First of all I must thank Sunnyca for the answer and after that I would like to thank Carol also for responding to my query for the first time. Keep in touch."
sunnyca



Joined: 10 Sep 2009
sunnyca's page
Posts: 148



954 Magic Points
 
 Posted on Thu Sep 24, 2009 5:07 am  
Andybell

I am glad toanswer your question

I disagreelittle bit with carol and Juston. Even though I said 740, atleast 720 is kind of baorder line. I ahve seen soem lenders lookign for atleast 720 to get good interest rate
andybell



Joined: 11 Aug 2009
andybell's page
Posts: 19
Location: Laguna Hills


249 Magic Points
 
 Posted on Thu Sep 24, 2009 5:45 am  
I agree with your views on borderline Sunnyca but certainly it is always better to have more people around you to give you some good advice on these topics.
sunnyca



Joined: 10 Sep 2009
sunnyca's page
Posts: 148



954 Magic Points
 
 Posted on Sun Oct 04, 2009 6:26 pm  
Iknwo prople who are in 795 and also some oen who I saw with 813

850 is the highest oen can achive, but there are poepl out there wiht the score in 800 range

That is thier average score

Oen thignk I ahve seen is they do nto apply for too many loans and also they never had any lete payments in life

Lot of money in bank and very few credit cards or merchant cards

So if you keep that way ti is achievable

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