credit score scaleIf you are trying to get approved for any financial pursuit then it is likely that your credit score scale will be evaluated by the bank or lending institution. Whether you are trying to get an auto loan, a home mortgage, a credit card or even just a simple gas card, your credit report and FICO scale will be checked and reviewed.

Credit reports are used as a way to record your financial history so that potential lenders can make a good judgment of how responsibly you have handled yourself. It will also show how disciplined you are with saving your money and handling debt which are characteristics of your personality as well.

So not only will lenders want to pull your scores, but it is also common that your credit score scale will be looked at by insurance companies, as well as your employer or future boss.

It is best to already have your scores at hand and know where you stand before it is too late.

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When you are looking for a job you may be asked for your FICO report at your interview before they consider hiring you. This practice is becoming more common these days as people are understanding the value of what these scores mean and how they reflect upon your personal characteristics.

Credit Score Scale Information

Those you have shown a great record of handling credit responsibly will be granted a good position on the FICO scale. But for those who have acted irresponsibly with excessive spending and poor money management skills and result in high debt, they will not have an attractive rating on the good credit score scale to show any potential lenders.

Paying off your credit cards for a few months is not only what you need to do to have a nice and strong profile. Most of the time if you want to be in a good credit score range you must show years of paying down cards as well as having about three open lines of credit that you have used well.

Throughout this site, you will find a great deal of information on how to build your credit profile nice and strong. But before you take the actions to grow your scores, it is important to view your current scores to see where you are first. Click the image below to check your scores now.

credit score scale

Then after you see your current position on the credit score range, you can implement the strategies found on this site and track the improvements you’ve made to your FICO scores.

What is the Credit Score Scale

The credit score scale that is being shown is a combination of many factors by the bureaus. The 3 major bureaus are called Trans Union, Experian, and Equifax. They will judge how well you’ve managed credit and debt and record your scores based on their special and unique formulas.

They will want to see at that you’ve payed off your debts but also that you can accumulate and handle debt in a responsible manor to be ranked well on the credit score scale. So if you are charging your credit card $150 one month, you will want to pay most of this off but it actually is not optimal to pay all of it off.

Raise Your Credit Score Scale By Paying Off Your Debts

Paying all of it off will not show debt management as much as paying down a good portion of it, as long as it is beyond your minimum monthly payment. If you do not want to have to pay for the interest that would be accrued on that money then pay down $149 and just leave a dollar to collect interest, which would not be much.

Over time when you do this strategy the credit bureaus are going to think highly of your ability to deal with credit and will give you a nice placement on the credit score chart that will continue to raise with more responsible credit usage. Showing the credit bureaus that you can service your debts will give you credibility and allow your scores to make a major improvement.

Checking Your Own Report will Not Damage Your Credit Scores

=> For your official Credit Score Scale, Click HERE

Many people who are looking to build their FICO scores stronger have often asked “what is a good credit score range to be in?”. To answer a question like that you must first consider what is a credit score rating and exactly what those scores represent.

Although the credit bureaus do not like to share such information with the general public, you can still get a pretty good understand about this credit score scale based on your knowledge of other peoples credit history. Especially if you are in the financial industry, you will know a lot about the credit reporting if you are having pull peoples credit score every day.

Understanding The Credit Score Rangecredit score range

The lowest range available is 350 to 500.

This credit score range is definitely the worst to be in. Your really would have to trash your credit pretty bad to be in this area. Those that wind up here have a really hard time recovering their FICO score and building it back up again. It is highly recommended to seek credit counseling and credit restoration from experts if you want immediate improvements.

The second lowest range is the 500 to 650 area on the credit score range.

This is not as bad of a place to be but certainly will not allow you many options for getting loans, and if you do get loans your interest rates will not be very attractive. Many people in this range will still be allowed credit cards but will start out with low credit limits and high interest rates.

The 650 to 720 area is a great improvement.

It and will allow you much more freedom to acquire loans and pretty decent interest rates. No days you may be accepted for some attractive FHA loan programs is you were to get a mortgage for you home and have one of these scores.

A 720 to 800 score gives you major bragging rights!

When your credit score range exceeds the 720 mark and goes up to 800 and beyond then you will definately get the prime and supreme deals for any kind of financial matter you are interested in engaging in. Lenders will be hounding you with information in the mail about the latest and greatest credit cards and loan programs because you a prime candidate for any loans.

The Best Credit Score Range

Although many claim that 850 is the highest you can go on the credit score chart, many believe that it is possible to get into the 850+ range. This has not yet been documented and is a pretty gray area since the credit bureaus do not come out and say this. But if you are anywhere in the 800 and above range then you should be feeling pretty good about your lending potential.

Hopefully this will give you a better understanding about what a good credit score range can be so that you are more educated when entering a loan office.

=> Go HERE to Check your Official Credit Score