A good credit score can be a very important factor for success. It shows lenders that you are a trustworthy borrower and that you will repay back your loans. Without a good credit score, you won’t be able to borrow a car, a house, or even start a new
A good credit score is considered something over 720 and an excellent score is around 780 – 800 and above. However, a credit score under 600 is considered poor.
Everyone knows what the purpose of a credit score is, so there is no need in diving into a lecture on its purpose. In a nutshell, a credit score is used to quantify your financial reputation. How good are you at paying back money you owe? A credit score is often used to determine whether a person can acquire a type of loan such as a car loan or a credit card. For many people, improving their credit score is all that they have to do to secure a loan. Improving your credit score may seem like a difficult task, but there are many simple things that you can do to improve your rating. These tips from Amy Nutt could go a long way in helping you rebuild your credit and your confidence.
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