What can i do to increase my credit since i am right here at the brink..lol...? I was told from a car dealership that if my credit score was below 680 that i would have to put a hefty deposit down. Thanks for your help in advance..
I just found out that my credit score is 643, I read that 650 is very good???
650 is alright credit... in the 720%26#039;s is better though. If you want to increase your credit fast, pay down all of your credit cards to 25% of their limits. If more than 30% of a credit limit is used on any given credit card, your score decreases. Maybe get a copy of your credit report and look for errors as well; 80% of reports contain errors. Good luck to you!
I just found out that my credit score is 643, I read that 650 is very good???
Generally scores above 720 are considered very good or excellent.
Like the first poster said if you have any revolving debt then try to keep the balances below 25% of the available debt. Also, make sure that payments are always on time, optimally paying off the entire balance each month so you aren%26#039;t charged interest. If you keep that up you will see significant increases in your FICO score in about 18-24 months.
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