credit card score ??? Help?
i just got my credit score 717 is it a good score? it is secured card with 300$ limit for 6 month, but i found 7 credit injuries from applying on other credit card is this effect my credit card ?? and if i want to apply for unsecured card with high limit do you think i will be approved ?? and is it good to get car loan for only $ 6,000 ??? please help i need some really have a good experience with credit cards thanks
Public Comments
- FICO scores range between 300 and 850, with the average U.S. credit score being 723. According to Fair Isaac, a credit score above 700 places you in the low credit risk category (perfect or "A" credit), meaning you should qualify for the best interest rates, depending on other factors such as income. A score between 690 and 600 is considered a moderate credit score, and many people say you are "Alt-A" if you are between about 650-680. This means that while you will not receive the best interest rates, you should still be able to borrow at reasonable rates. Typically multiple inquiries can negatively impact your credit rating. However, considering your score is 717 I would not worry much about it. No one can say for certain whether you will get a approved because that is up to the bank that is considering your application for credit. Any line of credit that you take out and make timely payments to in the long run can help your credit scores. However taking on too much debt can also negatively impact your credit rating. Make sure that if you are considering taking on more debt that you are in a stable financial situation and have set up a good budget for yourself. For more tips on how to build credit I encourage you to visit and read: http://www.bills.com/how-to-build-credit/ Good luck as you venture forth into the world of credit, and I hope that the information I have provided helps you Find. Learn. Save. Best, Bill www.bills.com
