Quote:
Originally posted by notcasesensitive
So what is a good FICO score and what is a bad FICO score? I just got mine from Equifax and just on the basis of a $0 balance negative report by deadbeat's lender, I'm sure it has dropped. Otherwise my credit is perfect. Not a single late payment reported.
(I probably should have just PM'ed this to balt, but if others know, feel free to respond).
|
Did you get the score power service I linked to? Because I think the explanation they give is way better than I could give you. I think anything over a 800 is considered excellent. I do know that getting above a certain level is essentially impossible for people under 50 (i.e. 850s require substantial flawless credit lines for 20+ years). Anything over 700 is perfectly adequate. Below that, and interest rates start going up.
[ET fix numbers, which I was off by 100)
