What is a Good Credit Score?
What is a good credit score? We hear about credit scores all the time. In addition to banks, loan officers and credit card agencies, now even employers and insurance companies can check your credit score. Whether you get a good interest rate, a good job, or a good rate on car insurance can all be riding on that little score. Do you know your credit score? Not knowing it can cost you thousands – or even keep you out of your dream job.
Knowing your credit score is important – but what is a good credit score? Your credit can score range anywhere between 300 to 850. An average credit score is somewhere between 600 to 700. 700 is rated as a good credit score. If you have a score below 550 then this is considered a risk to the lender. Lower scores can mean higher interest rates on loans of any kind, but they can really cost you if you are getting a mortgage. Before applying for a mortgage, it is a good idea to review your credit report. A mistake on your report could mean you are getting a lower score than you deserve. Why should someone else’s mistake cost you money? Checking your credit well in advance of applying for a mortgage can give you time to prove that there is a mistake and get it cleared up. That can really save you money – and we can all use some savings right about now!
National Credit Report offers a free credit report that contains information from all three credit reporting agencies. You’ll also get a look at your credit score and information about how you rate. Finally, you will get daily credit monitoring so you can check for updates to your accounts. That can let you know when mistakes are corrected or when a new mistake appears. You’ll also be able to see how your actions contribute to better credit over time. Best of all, credit monitoring can alert you to fraud or other criminal activity on your credit report. The sooner it is detected, the sooner it can be fixed.
You will not be charged anything for the seven days, so you can evaluate whether you like the service. You can also use your credit report and credit score information. If you don’t want to continue using the credit monitoring service, just call to cancel within the 7 days and you will not be charged. The contact number of customer service center is 1.888.887.4287.