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Credit Score Tiers

VideoCreditScore-Andy — Mon, 22 Dec 2008 21:48:33 +0000

What does a credit score mean? Well, it’s meaningless without knowing the interest rates that go along with them and the corresponding payments. This varies over time, but you should understand that the key is knowing which

Top Tier: 760 – 850 FICO Credit Score

760 Credit Score
761 Credit Score
762 Credit Score
763 Credit Score
764 Credit Score
765 Credit Score
766 Credit Score
767 Credit Score
768 Credit Score
769 Credit Score
770 Credit Score
771 Credit Score
772 Credit Score
773 Credit Score
774 Credit Score
775 Credit Score
776 Credit Score
777 Credit Score
778 Credit Score
779 Credit Score
780 Credit Score
781 Credit Score
782 Credit Score
783 Credit Score
784 Credit Score
785 Credit Score
786 Credit Score
787 Credit Score
788 Credit Score
789 Credit Score
790 Credit Score
791 Credit Score
792 Credit Score
793 Credit Score
794 Credit Score
795 Credit Score
796 Credit Score
797 Credit Score
798 Credit Score
799 Credit Score
800 Credit Score
801 Credit Score
802 Credit Score
803 Credit Score
804 Credit Score
805 Credit Score
806 Credit Score
807 Credit Score
808 Credit Score
809 Credit Score
810 Credit Score
811 Credit Score
812 Credit Score
813 Credit Score
814 Credit Score
815 Credit Score
816 Credit Score
817 Credit Score
818 Credit Score
819 Credit Score
820 Credit Score
821 Credit Score
822 Credit Score
823 Credit Score
824 Credit Score
825 Credit Score
826 Credit Score
827 Credit Score
828 Credit Score
829 Credit Score
830 Credit Score
831 Credit Score
832 Credit Score
833 Credit Score
834 Credit Score
835 Credit Score
836 Credit Score
837 Credit Score
838 Credit Score
839 Credit Score
840 Credit Score
841 Credit Score
842 Credit Score
843 Credit Score
844 Credit Score
845 Credit Score
846 Credit Score
847 Credit Score
848 Credit Score
849 Credit Score
850 Credit Score

Second Tier: 700-759 FICO Credit Score

700 Credit Score
701 Credit Score
702 Credit Score
703 Credit Score
704 Credit Score
705 Credit Score
706 Credit Score
707 Credit Score
708 Credit Score
709 Credit Score
710 Credit Score
711 Credit Score
712 Credit Score
713 Credit Score
714 Credit Score
715 Credit Score
716 Credit Score
717 Credit Score
718 Credit Score
719 Credit Score
720 Credit Score
721 Credit Score
722 Credit Score
723 Credit Score
724 Credit Score
725 Credit Score
726 Credit Score
727 Credit Score
728 Credit Score
729 Credit Score
730 Credit Score
731 Credit Score
732 Credit Score
733 Credit Score
734 Credit Score
735 Credit Score
736 Credit Score
737 Credit Score
738 Credit Score
739 Credit Score
740 Credit Score
741 Credit Score
742 Credit Score
743 Credit Score
744 Credit Score
745 Credit Score
746 Credit Score
747 Credit Score
748 Credit Score
749 Credit Score
750 Credit Score
751 Credit Score
752 Credit Score
753 Credit Score
754 Credit Score
755 Credit Score
756 Credit Score
757 Credit Score
758 Credit Score
759 Credit Score

Your credit score is an important piece of your loan approval process. It’s not the only piece of information that matters. Your income, your asset base and other factors will play an important part of the process.

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Credit Score Tiers

Student Loan Debt vs. Credit Card Debt. Which Impacts Credit Scores More? – Episode #64

awjolls — Thu, 16 Oct 2008 14:10:08 +0000

Student Loan Debt vs. Credit Card Debt

Which impacts your credit score more? Answer: Student loan debt impacts your score less than credit card debt because installment debt hurts less than revolving debt.

Student loans are an example of installment debt
Credit cards are example of revolving debt.

You want to make sure that if you’re going to apply some accelerated payments, that you put these against your credit cards first. You want to lower the amounts owed on credit cards and then go after student loans. One more thing, while there are differences between these types of debts when it comes your credit score, in terms of your debt to income ratio which is a common ratio lenders use to make a decision about you, there isn’t a difference. They basically add up all your debt — your credit card debt plus your student loan debt — and make a decision on what your ratio looks like.

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Student Loan Debt vs. Credit Card Debt. Which Impacts Credit Scores More? – Episode #64

Manage Your FICO Credit Score for a Refinance – Episode #52

awjolls — Mon, 08 Sep 2008 23:12:24 +0000

This episode discusses:

1. Why most of us may need to refinance
2. How to handle your credit score in the short time you have before you refinance
3. Tips for getting your score higher such as keeping your credit card utilization low and paying off your cards 2x per month or even more!

Many of us are needing to refinance as we enter the unraveling of our 5-year interest only adjustable rate mortgages. But we all know that times have changed and we need to be realistic to the fact that times have changed. Many of us are living in houses that are worth less than we paid for them, and that the credit markets have tightened up, and that now all the pieces matter — your income, your FICO credit scores, your loan/value.

This video addresses the credit score piece. While a 680 might have been enough to get approval without income back in 2005, it’s not enough now. You will need a 760 or above to get the best rates possible.

I’ve increased my FICO score by 30 points in the past 7 months, well really most of this was in the past 4 months. How did I do this? Not through debating inaccuracies. Not through any shady practices. I’ve increased my FICO credit score through watching my balances and paying on time – scratch that – paying ahead of time. By paying my bills two times per month or even every week, I’ve lowered my credit utilization ratio and that has increased my FICO credit score.

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Manage Your FICO Credit Score for a Refinance – Episode #52

Does Your Credit Score Matter for Job Hunting? – Episode #24

awjolls — Mon, 09 Jun 2008 03:58:44 +0000

Does Credit Matter For Job Hunting? Many employers do check credit as screening criterion. Employers can check your credit but must abide by FCRA rules. To learn more go to FTC.com. How many companies check credit in employment situations? According to the Society for Human Resource Management, 19% always do credit checks on job applicants and 24% responded that they sometimes do credit checks.

This means you don’t want to roll the dice. Get your credit score, understand the credit score factors, and then work on getting your credit score higher. Like the commercial says “you only have one chance to make a first impression”.

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Does Your Credit Score Matter for Job Hunting? – Episode #24

Does Using Credit Cards More Often Impact My Credit Score? – Episode #1

awjolls — Mon, 05 May 2008 04:50:59 +0000

Credit card usage impact on credit scores .Learn what credit card usage impacts your score and what usage does not impact your score.

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Does Using Credit Cards More Often Impact My Credit Score? – Episode #1

Annual Credit Report.com – Review

awjolls — Thu, 24 Apr 2008 00:36:22 +0000

There are many “free” sites out there – over 200 – but this is the government sanctioned site where you can get 1 free report from each of the 3 credit bureaus every year. But, be warned, scores cost extra! This review walks through the user experience.

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Annual Credit Report.com – Review

TrueCredit’s 3-Bureau Credit Monitoring – Review

awjolls — Wed, 09 Apr 2008 00:29:23 +0000

TrueCredit Review

TrueCredit’s 3-Bureau monitoring includes unlimited 3-in-1 Credit Reports & Scores for $14.95/month has a really nice user interface with its clean layout and it’s main advantage is that it features true tri-merged reports. This is useful as it allows you to see your 3 credit reports side-by-side.

An interesting note: the scores used are not FICO credit scores, they can be significantly different. In my case, when i reviewed this product, my TU FICO was a 790 and my TU non-FICO was a 739 — a 51 point difference. Many lenders might quote me a different rate for this.

The TrueCredit site has lots of promotions for items such as the mortgage simulator, which features are bundled in with products like Score Watch.

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TrueCredit’s 3-Bureau Credit Monitoring – Review

670 Credit Score

VideoCreditScore-Andy — Mon, 07 Jan 2008 16:15:28 +0000

A 670 Credit Score could mean higher interest rates and higher payments. Is your score a FICO credit score? You can start watching it for free using a Free Trial product called Score Watch.

This 670 Score is:

90 points lower than the highest break point of 760 FICO credit score to get the best interest rate loans according to myFICO.com.
180 points lower than a perfect 850 FICO credit score.
670 score would be a “D” rated score on the VantageScore^SM, scale.
320 points lower than a perfect score in the VantageScore^SM scoring model
231 points away from the best tier of 901+ for VantageScore^SM
160 points away from a perfect score on the PLUS score system, which scale goes from 330 to 830.

Which credit score did you get? Check out my post on what a credit score includes. If you have a non-FICO score, you should probably get your FICO credit score to see what most lenders see. myFICO Score Watch monitors your FICO score by delivering email alerts and cell phone text message alerts each time your FICO score changes.

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670 Credit Score