You've probably been shopping at the mall and been asked if you'd like to sign up for their store credit card to save 10% on your purchase, but politely declined. Generally, store cards are a bad idea because they lure you in with that up-front discount, and then the ongoing interest rate is very high.
Avoiding these cards is typically a good idea, but the ease in obtaining one may actually be a good thing if you're having trouble establishing credit. If you have struck out at the local bank, you may want to consider checking with one of the local department stores and see what type of cards they offer. Whatever you do, make sure you find out whether or not they report to the credit bureaus. If they don't, it will do you no good.
If you are approved for their card, you need to be disciplined and use it properly. Don't treat this new purchasing tool as free money, but only as a means to establish good credit. The limit will probably be low anyway, but you should make an initial purchase with it and subsequently pay the balance off in full. Once the card is active, it should begin to be reported to the credit bureaus. It is now important to maintain a good
no they want 6 least 640
You are borderline fair credit. Probably not. Most department stores want to see a credit score of at least 700. My score is 813 which is considered good, so I get whatever card I want.
An 808 credit score is very good, any score in the 800 range will qualify you for most financing. According to credit experts, you do not want to let your score fall below the 700 range.
I have a credit score of 711 but limited credit history, which means not much experience so I'll need to build up credit. 711 is on the good range but you should also remember to maintain it or build it up. You wouldn't want your score to go down.
577 is a fairly poor credit score. To have a credit score that is acceptable, you want your score to be between 620-680.
no they want 6 least 640
You will want a credit scoe of 800 or higher for the best rates. In some cases lower scores can qualify for good rates.
You are borderline fair credit. Probably not. Most department stores want to see a credit score of at least 700. My score is 813 which is considered good, so I get whatever card I want.
An 808 credit score is very good, any score in the 800 range will qualify you for most financing. According to credit experts, you do not want to let your score fall below the 700 range.
I have a credit score of 711 but limited credit history, which means not much experience so I'll need to build up credit. 711 is on the good range but you should also remember to maintain it or build it up. You wouldn't want your score to go down.
577 is a fairly poor credit score. To have a credit score that is acceptable, you want your score to be between 620-680.
credit score ranges from 300-850, so there is much room for improvement if you have a low credit score. You can do many things to improve your credit score, and it is essential if you want to buy a house or car in the future. There are also many benefits to having a good credit score, including getting approved for loans and lower interest rates. You can find the best credit score grades that will help you know your credit score grade.
It only hurts your credit score when someone else pulls your credit report.
Your credit is fairly good. Well, maybe about average. Credit scores over 620 means that you can get pretty much any loan or credit you want, with okay terms. Credit scores over 720 are gold. You can get the best interest rates.
Not very good at all. You may want to review the answer at the link below to find out what goes into the makeup o a credit score.
This depends on what information you are trying to obtain. For credit score basics and general information, the best place is www.myfico.com. If you want your score, that same website will sell it to you for around $15 per credit agency you want you score compiled from (there are 3). If you need help increasing your score, website such as MyFICO and ones operated by advisors such as Suze Orman can give you tips and hints to help you out. When applying for a loan, the lender is the best person to ask in regards to questions about qualifying for credit under their guidelines.
Generally one does not want a low credit score. A low credit score can prevent one from obtaining credit cards, loans or mortgages. One can find their credit score at transunion.