Credit Score Information
According to Experian's National Score Index, the average American credit score was 678 (as of 4/2008).
If your score is below 620, then you might have a tougher time getting a loan.
So, what exactly, is "good" credit? I went online to check my score and found this place.
Visit here to check your score instantly.
It gives your Credit Score immediately, no SSN required!
Here is how the credit scores break down:
• 720-850 - Excellent - This represents the best score range and best financing terms.
• 700-719 - Very Good - Qualifies a person for favorable financing.
• 675-699 - Average - A score in this range will usually qualify for most loans.
• 620-674 - Sub-prime - May still qualify, but will pay higher interest.
• 560-619 - Risky - Will have trouble obtaining a loan.
• 500-559 - Very Risky - Need to work on improving your rating.