Credit scores help lenders determine, at a fundamental level, whether or not to give a loan to an individual.
With something as important as credit, you’ll want to know what precisely good means. Thankfully, the answer to “what is a good credit score” is made transparent by FICO. Your credit score is a number in the range from 300 to 850
Despite their importance, only 21% of Americans have a good credit score. So if you find yourself missing payments or in credit card debt due to keeping up with jones, it’s time to evaluate your spending.
Understanding “what is a good credit score” is the first step toward improving it. Here are three tangible steps to help you improve your score.