Credit Topic:Good Credit
What is a good credit score?
[good kred-it] n. Financial industry term for a credit history indicating that a person is a low credit risk. A credit score of greater than 680 is generally considered to be a good credit score.
Your credit score is a statistical evaluation of the information in your credit reports in an attempt to represent your credit risk using a single 3-digit number. A good credit score indicates to lenders that you are a low credit risk because, based on your credit history, you have been responsible with credit in the past.
Having a good credit score tells lenders that there is a lower risk in lending you money because you are more likely to repay your debts in a timely manner than someone who has a bad credit score. This means lenders will be more likely to lend you money, offer larger lines of credit, and require a lower interest rate.
For many people in today's credit driven society, having good credit is key to getting the most out of their money because good credit means that less of your money goes towards paying interest and more goes towards paying off the principle on your debts.
For many people, increasing their credit score from good to great doesn't take very much work. It may be a simple matter of paying down credit card balances or removing some questionable negative items from their credit reports.
Lexington Law has helped clients remove millions of questionable negative items from our client's credit reports and with our anytime cancellation policy, you can discontinue the service as soon as you have seen the desired results.
Your credit score is a statistical evaluation of the information in your credit reports in an attempt to represent your credit risk using a single 3-digit number. A good credit score indicates to lenders that you are a low credit risk because, based on your credit history, you have been responsible with credit in the past.
Having a good credit score tells lenders that there is a lower risk in lending you money because you are more likely to repay your debts in a timely manner than someone who has a bad credit score. This means lenders will be more likely to lend you money, offer larger lines of credit, and require a lower interest rate.
For many people in today's credit driven society, having good credit is key to getting the most out of their money because good credit means that less of your money goes towards paying interest and more goes towards paying off the principle on your debts.
Good credit and great credit
Having good credit puts you head and shoulders above people dealing with a low credit score, but most people with good credit could still benefit from taking their credit score up another notch. While a 690 credit score is good, a 750 credit score is better.For many people, increasing their credit score from good to great doesn't take very much work. It may be a simple matter of paying down credit card balances or removing some questionable negative items from their credit reports.
Lexington Law has helped clients remove millions of questionable negative items from our client's credit reports and with our anytime cancellation policy, you can discontinue the service as soon as you have seen the desired results.
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FAQ: Does enough good credit offset any bad credit?
The benefits of good credit - online calculator
Good Credit
What is a good credit score?FAQ: Does enough good credit offset any bad credit?
The benefits of good credit - online calculator
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- Bad Credit
- Clean Credit
- Credit
- Credit Bureau
- Credit Bureau Dispute
- Credit Dispute
- Credit Help
- Credit History
- Credit Repair
- Credit Repair Company
- Credit Repair Organization
- Credit Repair Organizations Act
- Credit Repair Scams
- Credit Repair Service
- Credit Report
- Credit Risk
- Credit Score
- Debt Settlement
- Fair Credit Reporting Act
- File Segregation
- Fixing Credit
- Good Credit
- Identity Theft
- Military Service
*Important: While the testimonials and other information on this website may be exciting, Lexington Law promises only to perform the steps we've agreed to in each client's case and to charge each month only for steps already completed. As with any legal work, no outcome is promised. Your results will vary. **The number of items removed represents the combined removals for all three credit bureaus. For example, if a single questionable negative item is removed from all three credit reports, it is counted as three separate removals.
© 2010 Lexington Law®. All rights reserved. John C. Heath, Attorney at Law, PLLC, d/b/a Lexington Law. Lexington Law is a group of law firms that may also be referred to throughout this site as "Lexington," "Lexington Law Firm," "we," "us," or "our firm". The number of items removed represents the combined results of the group.