Your credit score is a number that provides lenders and creditors a strong indication of how likely you are to pay back the debt you owe, based on your past borrowing behavior. The higher your score, the more likely you are, in their eyes, to pay back any money you borrow.
Your credit score is used to determine whether you can finance or obtain items such as: credit cards, loans for college tuition, mortgages, a car, or even to start up a new business. Not only it is used to determine what kind of loan you qualify for and the amount, but what your interest rate will be.
What's a Good Credit Score?
Excellent credit = 720 and above
Good credit = 660 to 719
Fair credit = 620 to 659
Poor/bad credit = 619 and below
How To Order a Credit Report
www.ftc.gov/credit -Print Annual Credit Report Request Form and send to:
Annual Credit Report
P.O. Box 105281
Atlanta, Georgia 30348-5821