Fair Isaac reports that the American public’s credit scores break out along these lines:
CREDIT SCORE
PERCENTAGE
499 and below
2 percent
500-549
5 percent
550-599
8 percent
600-649
12 percent
650-699
15 percent
700-749
18 percent
750-799
27 percent
800 and above
13 percent
Fair Isaac reports that the American public’s credit scores break out along these lines:
THINK OF YOUR CREDIT REPORT AS A SECOND RESUME!
THINK OF YOUR CREDIT REPORT AS A SECOND RESUME!
A credit report contains information about where you work, live, how you pay your bills, whether or not you have filed bankruptcy and even if you have ever been arrested or sued.
You can check your credit score for free up to three times annually at http://www.annualcreditreport.com!!
USING CREDIT WISELY
For decades, society has promoted the idea of “BUY NOW, PAY LATER.”
This is a good concept for some types of
purchases and a bad concept for many
other types of purchases.
USING CREDIT WISELY
Good Credit Purchases
Buying a house on credit is a smart move as home values rise quickly and you can gain equity through appreciation.
Financing an education is a good investment in the future. Your earning potential will eventually outweigh the cost of tuition, and educational loans are usually at a very low interest rate.
Buying a car can also be a good credit purchase. It is important to not get caught up in buying a car for more than you can afford.
