My credit score has almost reached 800. It may have wavered a bit because I’ve missed a credit card “pay by” date a couple of times this year … I hate it when I make little mistakes like that can have a huge impact. The impact would be greater, though, for lower scores.
What is a good credit score? Previously 600 could get you in a house. Although still possible, a 600 score is almost impossible to get financing for a house since most lenders have already switched to the 620 minimum. Today, a score between 650 and 700 is viewed as fairly solid. According to Everything Finance, holding on to that score should be the major objective of any person whose finances matter.
When you have a good credit score, don’t try to raise it any more. If you reach a mark of 650 or 700, stop and simply keep your balances below 25% of your credit limit and make your payments on time each month.
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