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HomeCredit ForumImprove your credit score

What should be best credit score

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markdeviz



Joined: 27 Aug 2008
markdeviz's page
Posts: 13



597 Magic Points
Subject: What should be best credit score
 
 Posted on Wed Aug 27, 2008 8:47 am  
Hello everyone

What should be best credit score to get everything at low rate.
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Wed Aug 27, 2008 11:50 am  
There was an old post on this but I can't remember where it was on the forum. Anyone out there know which post it was? Anyway my hubby has a score in the upper 600's and he has lower rates. Someone around here can give you a little more detailed info so check back.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Thu Aug 28, 2008 2:52 am  
The higher your score the better your rate will be, usually they say that 700 or above is excellent. Do you have any idea what your score is right now? What type of loan are you going for? If you can find out what your score is you will get some pretty good advice here.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Thu Aug 28, 2008 12:28 pm  
GN is correct. There is alot of help here at this forum. If you need any thing answered about credit you came to the right place. GN do you knw what the cost is in getting your credit score? If you have had recent fall offs does that raise your score at all. I will have two fall off by Sept. end and will on ly have one mark on mine, well make that two, I have a hosp. pne on their too but I plan on disputing it once the biggy falls off.
 
anthony

anthony

Joined: 31 Jul 2006
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Posts: 493



12319 Magic Points
 
 Posted on Fri Aug 29, 2008 5:26 am  
Hi markdeviz
Any credit score of 700 and above gives you the best deal on all types of loans. At 720 you are considered safe by the creditors and so they offer you the lowest rates on interest and other charges. So once you reach 720 you need to consider maintaining this credit score in this level without increasing it further.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Justin

Justin

Joined: 17 Jul 2006
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Posts: 417



10874 Magic Points
 
 Posted on Fri Aug 29, 2008 6:06 am  
Yes, Anthony is right because once your credit score crosses the 720 point you may start receiving calls from credit card companies offering you credit cards and from creditors offering you loans at low interest rates. But you should not accept these offers until and unless you require it. This is because if you take loans influenced by low interest rates and unable to repay it on time, your credit score will decrease. Now if your credit score falls below 700, you may not get loans at low rates.
_________________
Best Wishes
Justin
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Fri Aug 29, 2008 1:24 pm  
If you don't want all these credit card places contacting you you can go to www.optout.com. That will keep all the credit card apps from accumulating in your mailbox.
Justin, What is the highest credit score a person can have?
 
1002543



Joined: 31 Aug 2008
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Posts: 84



96 Magic Points
 
 Posted on Sun Aug 31, 2008 3:31 am  
760+
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Mon Sep 01, 2008 2:47 am  
I think Justin said it right, anything 720 and over is a terrific score
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
1002543



Joined: 31 Aug 2008
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Posts: 84



96 Magic Points
 
 Posted on Mon Sep 01, 2008 1:18 pm  
I respectfully disagree. Due to recent credit crunch CCC's have changed their standarts. So if one wants to get the best rates he/she needs score of 760 and higher.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Mon Sep 01, 2008 1:26 pm  
okay, I am not gonna argue that 760 is a very, very good score, you would surely get a really good rate with that score.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2858



1966 Magic Points
 
 Posted on Tue Sep 02, 2008 1:42 am  
But what is the highest aceivable score? I never even kn ew there was a possibility of 760. Ther has to be a number out there that is the highest available.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Tue Sep 02, 2008 3:00 am  
I think the highest is 800, unless somebody comes on here and corrects me.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
1002543



Joined: 31 Aug 2008
1002543's page
Posts: 84



96 Magic Points
 
 Posted on Tue Sep 02, 2008 10:51 am  
The highest FICO is 850
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2858



1966 Magic Points
 
 Posted on Wed Sep 03, 2008 12:47 am  
Wow that is really high. Wonder how a person can achieve a score like that? I can see now why paople taliking about a score in the 500's isn't the greatest.
 
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