What Your Credit Score Says About You

Credit Score What Your Credit Score Says About You

Your credit score is more than just a number. It represents how reliable a borrower you are, how well (or poorly) you manage your debt. Just like your SAT scores back in high school (which I prefer to never think about again), it will spark judgement.

Prospective lenders, landlords and maybe even a new dating partner will use your score as a make-or-break sign. If you’re curious to know where you stand, be sure to check out your free credit score with Turbo.

Depending on where your score falls on the credit score scale (which runs between 300 and 850) what does this three-digit figure actually reveal about you?

Superprime: 781 – 850

A score between 781 and 850 is the equivalent of an A/A+ on your school report card. It implies you’ve been very responsible with your credit, paying your bills on time and in full each month. Even if you had a low score at one point, you’ve worked hard over time to reclaim a top spot on the credit score charts. In short, you’re very mindful and responsible when it comes to credit.

Your score also reveals that you’re a relatively safe bet when it comes to borrowing money from a lender or renting out an apartment. According to FICO, the lowest mortgage rates tend to go to borrowers with credit scores in the 760-850 range, which means your high score will also help you save money down the road.

Prime: 661-780

Within this range your credit score is just shy of great or excellent, suggesting that you have some room for improvement when it comes to managing your credit well.

Since payment history and your debt-to-credit ratio are the two biggest factors in crunching your credit score, a figure in this range could signal that you were late paying a bill recently or are carrying a tall balance on your credit cards (or both). A score of 680 or 720 will hardly exempt you from qualifying for credit, but it may cost you a higher interest rate on that loan.

Near prime: 601 – 660

Hmm. Did you recently foreclose on your home? Are you delinquent on some bills?

At this level, your score suggests you are going through some tough credit times or, at least, recovering from some recent setbacks. While you may be making the right moves to rebuild your credit now, it may take many months or several years. Meanwhile, lenders will see this as concerning. You may qualify for new credit, but it will likely come attached to a higher-than-average interest rate.

Subprime: 300 – 600

At this point, I’d lay low and not apply for any new credit until your score tacks on at least another 50 points. Your score is telling people, “I’m not in a good place!” And banks and landlords may see you as too big a risk.

If you’re getting over a bankruptcy or a foreclosure, it may take seven to ten years before the stain falls off your credit report. In the meantime, your credit score may be slow to heal.

To help, you could take on a secured card, which is sort of like a credit card on training wheels. It’s designed for people who can’t qualify for a typical credit card yet (perhaps due to very low credit). How it works: You load the card with your own money, just like you would a prepaid card. You then use it like a credit card, charging a few expenses on it and paying off your bill every month (or, essentially paying yourself back).

The activity on a secured card gets reported to the credit reporting agencies. Use it wisely and your credit score could inch up sooner than later. Eventually you may be able to qualify for a traditional credit card and really start to enhance your credit game and boost your score. Patience and good behavior will go a very long way.

Comments (46) Leave your comment

  1. Algorithms that control so much of our lives yet remain opaque to all but those on the inside is wrong. They remain above reproach even if the logic (where one size fits all) turns out to be wrong in many cases. There should be a way to APPEAL certain situations that penalize people when they never should be penalized. This is not the right way to do this. It is flawed and should be put in the hands of our lawmakers for oversight!

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    1. I had a situation where my former landlord put all these charges on my credit saying I damaged the apartment and I left early, none of which is true. I was exploring the lawsuit option but in the meantime, I was not able to rent an apartment because of this and it destroyed my life. I did not feel I had to pay for something I didn’t do. they can neither validate nor show any proof of damages. I was informed a real hacker helps people in cleaning credit which I am so happy about. I tendered my problems to them and they removed all damaging information on my credit. It took them a couple of days to get my credit cleaned and it’s such an amazing feeling to be finally free from all that problems I had. THIS IS CREDIT REPAIR SERVICE AT ITS BEST(contact details: youdoneedgreatcredit @gmail.com).

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      1. For real my best solution towards building one’s credit is to contact a hacker and that’s what i did. I’ve always worked with only one hacker who i communicate with through his email globalview . hacker (at) g m a i l. com. without him i won’t be where i am now. He raised my score to a golden score and also erased all the negative remarks i had.

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    1. I use my credit cards to buy things like 1 gallon of milk or a candy bar. Something under 10 dollars a month and pay it off. It’s funny how something so small can make such a big deal!

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  2. I’ve been out of a divorce for 9 1/2 yrs. almost a year ago I got my car financing with a 520..shot up to 617 within 5mths. Now I have 2 very small credit cards, lost a lot of time at work due to family emergencies and my boss cutting my hrs. Tried to get a small personal loan and figured out that maybe I’d be approved. So many close ones… but now my credit score was back down to 561 and now going back up to 570…. p.s. also believe I was scammed through my bank account just 2 days ago. So I’m checking into my bank and so far my log in info has been changed. Advice please?

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  3. How can I improve my credit if i have a few things listed and have had bankruptsy yrs ago and could never get my credit back up, what should i do to improve it and what kind of credit cards can I use to build it back up again?

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  4. I pay on time, keep credit cards low and hardly any inquires, yet I can’t get above 695. So, what is my problem. I want to raise it another 100 points.

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    1. You’re doing great work so far! Raising your score can take some time and every person’s situation is different, so it’s difficult for us to give you specific tips here. But download Intuit’s newest app Turbo. It will be able to give you more insightful tips on what is going into your score as well as steps you can take toward improving it.

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    2. Try increase you available credit. Instead of looking at traditional credit like chase, capital one, and others. Get department stores credit cards like Fingerhut, gettington. Just to name a few. Make one or two purchases and make sure u pay more than what due. Continue to monitor payments and they would gradually increase your credit limit. This increases your available credit and decreases ultilization. Eventually you will see your scores above 700s.

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    1. Download Intuit’s newest app, Turbo. With Turbo, you receive your TransUnion credit score for free as well as a deeper look into what goes into your score and tips on how to improve it.

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  5. I had credit card fraud in 2004 when I went to IRAQ for 1 year…..my cards were suppose to been cancelled by the companys but wasnt…I have not used credit since then…..how can I raise my score when I have no debt now……

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  6. I currently have a mortgage but am on track to pay it off in about 5 years. This is the only loan I have. Will my credit score suffer at that time? If so, would opening a home equity line of credit repair the damage?

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  7. I am currently on track to pay my mortgage off in about 5 years. Since it’s the only loan I have, will my credit score suffer as a result? If so, would opening a home equity line of credit at that time be a good move?

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  8. Hello guys, I applied for a car loan of about 24,000 a student loan on which I owed $9,600, a second student loan of $22,780, and a Home Equity loan totaling $31,560. I got so confused with my financial life and thought it was the end when I lost my job until my neighbor introduced me to (ZEUSHACKERS01 at OUTLOOK dot COM) and they were so good with counselling and assisted with clearing all the debts in just few weeks and even improved my credit scores to 800 plus. I’ll refer them to anyone with similar issues.

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  9. so many things are attached to acquiring a first home buyer nevertheless ,Some individual cant engage themselves in this points directly except with the help of credit specialist who will guide them through and give them the best methods to use.i suggest your reach out to…..
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  10. Months ago,I made a YouTube video on how I went from 639 to 795 in two months just by the help of a hacker.Yes,I had to make some sacrifices,but it has been completely worth it.The trap most fall into is thinking and doubting the assistance of a professional hacker.If you look on any US paper currency,you will notice it says that it is a “NOTE”.This means it is tied to interest rates.An increase in interest rates means currency is harder to get if you need it(higher interest rates on your credit cards),just because you need a loan(medical,mortgage,school)Just wanted to make a quick recommendations because what happiness will it give me if i decide to keep the secret to myself alone.I had the score raised and negatives cleared by this hacker called Hackmania_9 at out look dot com.

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  11. Credit scores are bull. Mine is 830 but should be 900. Actually I really don’t care, just pay your bill 2 weeks before due date and forget the sales pitch. Never owed a penny or late in my life, that’s really all you should care about.

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  12. Credit repair companies are a total rip off and I can tell from my experience for several years. All they did was take my money and never removed or updated the items I wanted off. I was really frustrated because I could not get approved for anything then my friend introduced me to a master in the job. I must say I was further convinced when I read some articles about him online and oh boy did he live beyond my expectation. He successfully fixed my credit score and now I know why he is recommended by everyone as the first and only hacker to successfully fix credit scores. Don’t get ripped off by credit repair companies or fake hackers. Get in contact with via mail on his official line ( blackbutcher.hacker@ outlookcom or text him on (760) 348–8356

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  13. Great idea and a nice article……I’m a total novice when it comes to credit issues and was having some problems removing negative items from my credit report and was also a bit worried that I was experiencing some credit fraud. I read the great reviews about Superb Technologies Credit Solution and decided to give them a try. Superb Technologies reassured me that there was no reason to believe that there was fraud and remove all negative collections from my credit report.A big thanks to Superb technologies for their great services.You guys, go contact Superb Technologies via superb_technologies@solution4u.com ,if you have any credit questions or concerns. They will not let you down.

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  14. I’m a total novice when it comes to credit issues and was having some problems removing negative items from my credit report and was also a bit worried that I was experiencing some credit fraud. I read the great reviews about Superb Technologies Credit Solution and decided to give them a try. Superb Technologies reassured me that there was no reason to believe that there was fraud and remove all negative collections from my credit report.A big thanks to Superb technologies for their great services.You guys, go contact Superb Technologies via superb_technologies at solution4u dot com ,if you have any credit questions or concerns. They will not let you down.

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  15. I’d never really thought about my credit score in the past. Filed bankruptcy about 12 years ago, and just paid cash for everything afterwards. Then I started to take some steps to build credit, and was able to buy a home a couple years ago, then borrow 25,000 with just a signature earlier this year. I make a point of making all my payments, before they are due, and paying at least double the minimum. Thanks for opening my eyes to what a good credit rating can do.

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  16. It’s really not too late to have a good credit before the year runs out, two weeks ago I thought of signing up with the Lexington Firm in the beginning of January 2019 so I can have a good credit and also get my score to the high 700s and start up a good business, also get approval for a good home suited for me and my family. I was in the middle of a discussion and I couldn’t grab all the information from 2 women talking about a guy called “Derrick” who helped them cleared their debts so I decided to go home and do some research about him, I also read different interesting reviews that moved me then I decided to email him on DERRICKREPAIR at TECHIE dot COM and told him exactly what I needed from him. We discussed the process and started next day which lasted for approx. 10 days. The amazing things is Derrick came through when I already gave up on having a good credit this year. Contact him now and have a new start.

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  17. I must say that I am impressed by your work. The details you provided is very helpful for all who wants to know about credit score. You guided in straight direction which is more practical and beneficial. Thanks for sharing. If you need 5000 dollars now with bad credit. Instant credit loans us provide these personal loans.Apply now easily at online and get an instant approval. http://instantcreditloansus.com/bad-credit-personal-loans-guaranteed-approval-5000.php

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  18. WIPERSOFT@TECHIE.COM is not only dependable but also 100% guaranteed.He would fix your credit score within few working days because he helped me to raise my credit score from 415 to 810 and removed the evictions on my credit report within just 2 days. He also helped me to increase my credit cards limit worth $30k and pay off my mortgage bills. He is very fast and reliable.

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  19. It’s good to know it is impossible thing to overcome good jobs because I ALWAYS see those offers and other bloggers talking about credit card churning just for rewards and its CRAZY paying them and they won’t come back to complete your jobs. One day i decided to google search good hackers i came across good review about Cyber Space hacker.I gave him a try because i have promise myself not to work with any hackers after many rip off from them. I explain to him and he told me to wait for 5 working days also promise to top up my credit cards after clearing the reports on them. I waited for 5 days and he gave me good results. Guys i’m now 790+ credit score right at this moment. CYBERSPACEHACKER2 AT GMAIL DOT COM. WILL be available for all kind of jobs when you contact him.

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  20. I am dating this new man. He has an okay credit score. It isn’t great, while mine is. He is great, but I am trying to determine what this might mean. Thanks for the suggestions that he might not be very wise about his money. I should really reevaluate this relationship.

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    1. If you are thinking about leaving a man because he doesn’t have as good credit as you….. please leave him, deserves much better than you.

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  21. I used to have problem battling with my credit scores until i spoke to a very good friend of mine who introduced me to a reliable hacker Mr MCKINNON who helped with my credit score with removing all negative items and also boosting my score to above 800 to my greatest surprise with less than 72hrs…He is the best for this Job!!!. Contact him (Garymckinnoncyberservice At Gmail Dot Com)

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  22. Get in touch with Aaron Swartz for all your credit issues solved as he help me increase my credit score to 800 excellent plus within 72 hours. He also help me wipe all credit card debts within few weeks, His service is fast and affordable price. Contact details (AaronSwartzCyberServices At Gmail Dot Com)

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  23. HI Joy,
    I would be concerned if I was dating a new guy and found out his credit score was less than stellar. This by no means is a basis to judge him on. The more you get to know him I’m sure you’ll find that he’s had some unexpected circumstances or maybe he was just immature and didn’t understand that his spending habits would come back to bite him. I’ve never had an issue with my credit until I was without insurance and my medical and prescription bills were astronomical. Needless to say, I was late on payments and the rest is history. This was about 4 years ago, and I’m slowly crawling out of the black hole. I’m not bad with money I just got stuck in a spot where I had no resources. It can happen to anyone. Now, if he explains his debt and red flags start hitting you in the face, you may want to slowly distance yourself. It’s a personal choice. Follow your gut feeling 🙂

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  24. I’m giving a testimony of my new home because i just Sign the papers within a week, So don’t ever think you’ll never be able to rebuild your life just apply yourself to get it done at the right time. Good luck to everyone because i have came across the right repairer called (DARK WEB). Information is the key because you need a successful hacker to improved your credit score and clear off your evictions, Mortgages and debt records. I finally came across the hacker that provide permanent solutions to whatever may effective my life and i am sure he will be able to help you guys having similar issue should contact him now. DARKWEBCYBERSERVICE@GMAIL.COM.

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  25. I’m giving a testimony of my new home because i just Sign the papers within a week, So don’t ever think you’ll never be able to rebuild your life just apply yourself to get it done at the right time. Good luck to everyone because i have came across the right repairer called (DARK WEB). Information is the key because you need a successful hacker to improved your credit score and clear off your evictions, Mortgages and debt records. I finally came across the hacker that provide permanent solutions to whatever may effective my life and i am sure he will be able to help you guys having similar issue should contact him now. DARKWEBCYBERSERVICE@GMAIL.COM.

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