Average Credit Score Ranges? Best is 650 - 850. The average US American is 680 - 730 by state for credit cards, loans, buy a car or home. What is a your Beacon credit score?

Bo Majors I answer questions free & fast
majors@oskie.com
   The most important things to know about credit rating scores! What is a Bad Credit Score? 620 or less?

   70% of your score is based on the time period from
today then back 2 years.
Your score is figured on 7 years worth of data, but anything older than 2 years is figured in the 30 percentile. This is why it is so important to keep 3 to 6 lines of open, rated (open at least 12 months), paid on time credit at all 3 credit bureaus. The 3 credit bureaus are Equifax, Experian and Trans Union. It's not good credit to pay off medical bills, collections, cell phones, rent, utility bills. You must have 3 - 6 lines of good credit like credit cards, car loans from major banks, and personal loans from major banks that all report your payment activity to the three credit bureaus.
  Remember to keep credit card balance to credit limit ratio's low. 79% max. 30% best. Paying down balances instantly helps credit scores. Avoid closing credit cards, especially cards you've had for a long time. Avoid over applying for new credit as large numbers of recent inquiries do not look good to potential creditors.

  The credit score ranges from GOOD to BAD
   Between 700 & 850 = Very good or excellent credit score

   Between 680 & 699 = Good credit score  The Average American Credit Score = 682        
   Between 620 & 679 = Average or OK score.
   Between 580 & 619 = Low credit score
   Between 500 & 579 = Poor credit score
   Between 300 & 499 = Bad credit score

   How are credit scores figured:
   1
. Timeliness of credit cards, Car loans, home loans or bill payments (35 percent): Includes late payments, bankruptcies and delinquencies. A 30 days late payment, collection, or a judgment can decrease your scores 15-40 points for each entry even if it has been paid and shows paid in full. Catch these before 1 month expires and I have a chance of total removal or non-placement.

   2. Your outstanding credit (30 percent): Includes the amount of debt accumulated on your credit cards as well as how much you owe on installment loans like car loans (compared to the original amount of the loans). I've seen credit reports that show no late payments and the credit score will be a low 600. It's because there are some accounts that show more than 80% in debt against high credit limits.
   3. The length of time credit has been active (15 percent): Takes into account how long your had credit cards and loans have been active and how often you use them. Most banks look for "3 rated trades", or 3 accounts that have been open for at least 12 months. I've have seen credit reports that have many reported credit items, but they haven't been active in 2 years. Now they have no beacon credit fico score at all.
   4. The types of credit I have (10 percent): Includes credit cards and loans such as installment loans, mortgages and car loans. Small finance company loans and large numbers of open credit cards can sink a good credit score as much as 20-40 points.
   5. Any acquisition of new credit (10 percent): Assesses how much credit has been opened over the length of your credit history. Opening a number of new credit accounts over a short period of time may be detrimental to your good credit score range.

Get all 3 free credit scores and all 3 credit reports here
I can't find all 3 scores and reports for free anywhere but here. I would not offer this if I hadn't used it myself and believed in the offer. 1 merged score is not what banks see. Potential creditors get all 3 scores and all 3 reports. We should too.


   Bad Credit or No Credit Car Loans

    What is considered good credit to get approved for a auto loan? 720 to 850 is the range that gives the best of rates in most cases?
 

  350 - 399 bad
credit loans with a credit score of 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 credit score
 400 - 499 bad credit car loans for a 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 456 457 458 459 460 461 462 463 464 465 466 buy car with a 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 credit score  500 - 549 bad credit credit cards for a credit score of 500 501 502 503 504 505 506 507 508 509 510 511 512 buy car with a 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 credit score 550 - 599 poor credit credit cards for a credit score of 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 488 589 590 591 592 593 594 595 596 597 598 599 600 - 649 fair credit: loans to buy a car 600 601 602 603 604 605 606 607 608 609 610 611 612 613 car loan with a 614 615 616 617 618 619 620 621 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 credit score. 650 - 699 good credit cards for a credit score of 651 652 653 654 655 656 657 interest rate on a car loan with a 658 659 credit score 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 - 749 excellent 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 723 724 725 726 727 I have a credit score of 728 can I get a credit card 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 what credit card can I get with 700 score? 

    Average Credit Scores by State:
Alaska, 693,
Alabama, AL, 675, Arizona, AZ, 680, Arkansas, AR, 682, California, CA, 690, Colorado, CO, 695, Connecticut, CT, 710, Delaware, DE, 695, Florida, FL, 684, Georgia, GA, Hawaii , 710, Idaho, ID, 705, Illinois, IL, 699, Indiana, IN, 695, Iowa, IA, 713, Kansas, KS, 702, Kentucky, KY, 688, Louisiana, LA, 676, Maine, ME, 710, Maryland, MD, 696, Massachusetts, MA, 713, Michigan, MI, 695, Minnesota, MN, 685, Mississippi, MN, 679, Missouri, MS, 684, Montana, MT, 716, Nebraska, ME, 712, Nevada, NV, 669, New Hampshire, NH, 716, New Jersey, NJ, 705, New Mexico, NM, 680, New York, NY, 699, North Carolina, NC, 675, North Dakota, ND, 721, Ohio, OH, 696, Oklahoma, OK, 684, Oregon, OR, 704, Pennsylvania, PA, 705, Rhode Island, RH, 704, South Carolina, SC, 675, South Dakota, SC, 721, Tennessee, TN, 687, Texas, TX, 669, Utah, UT, 699, Vermont, VT, 723, Virginia, VA, 699, Washington, WA, 710, West Virginia, WV, 686, Wisconsin, WI, 713, Wyoming, WY. 703


  I am Bo Majors and I answer your credit report questions as best I can, free and fast here majors@oskie.com. Since 1998

Beacon Score Average Credit Score Ranges? Best is 650 - 850. The average US American is 680 - 730 by state for credit cards, loans, buy a car or home


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