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Yes, but it will take some time. 800 is a very high score. Mid 700's will still get you the best rates and can be achieved within a few years. I'm in the high 600's within a few months of Ch7. Striving to get back to the high 700's as I was pre-BK. Hang in there and drive towards financial well being. Success!
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Is a credit score of 800 good?
A credit score of 800 is very good and will net some of the best credit offers. A maximum score of 850 is possible on the FICO credit scoring system.
What is a true credit score these days?
A true credit score currently can range anywhere from 0 to 800. Someone that has recently declared bankruptcy, for example, would have a score close to 0 while an international banker with connections to the major world governments might have a score close to 800.
What is a credit score scale?
The credit score scale ranges from 0 to 800. Everything above 720 is considered a good credit score. Below 500 is considered unacceptable.
Is it possibleto get an auto loan with a 547 credit score?
It is unlikely that a bank would give a person a loan who has a credit score of 547. A good credit score for a loan would be between 700-800.
Is 620 a bad score?
Credit scores are on a scale from around 300 - 850, with 850 being the highest credit score possible. To give you a feel for the extremes, while the national average credit score is 680, only 13% of the nation's population has scores above 800. At the other extreme, roughly 15% of the population has a credit score lower than 550. In general, a good credit score is anything above 700 (From money-zine.com)
Is an 808 credit score high?
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.
What is the highest possible essay score on the SAT?
The highest possible essay score is 800. The highest possible composite score for the three sections (math, reading and writing) is 2,400.
Once i am blacklisted for credit how long am blacklisted for?
Well there is no such thing as a blacklist. When you pay your bills on time your credit score maintains a good rating (score of 800 I THINK is perfect) although the score range varies depending upon the credit reporting agency. When you are late with payments your score declines, indicating higher risk. Your score will decline FASTER than it will increase... SO... If you a late on a single payment you may loose say 20 points on your score. To gain those 20 points back could take 6 - 10 months. After bankruptcy your score COULD go up from where it was PRE bankruptcy, depending upon how low it was at that time. This does not mean you have good credit at all. After bankruptcy it will generally take about 2 years before you can start getting credit again. When you do this will be high risk credit so limits will be low (buying power) and your interest rates will be high. As time goes on; generally another 2-3 years your limits will start increasing and your interest rates will go down.
Is a credit score of 709 good?
This is an OK score. If you get the score up to 770 and higher, you'll qualify for lower interest rates on loans. Over 800 and your a near-zero credit risk.
What credit score do you need to get a mortgage?
Currently, it is tough to get a mortgage even with very good credit. 730 is about average so a score close to 800 has a good chance of getting approved.
Will a credit check ruin your credit score?
No, if you fill out applications to open a line of credit then that will change your credit score but simple inquires of your personal credit score will not ruin it. It is better to keep an eye out on your score and report to make sure no one has opened an account in your name or to dispute anything that doesn't seem right on your report. Always pay your bills on time and more than the monthly payment to increase your score. A Excellent score is above 800 points and 700-799 is a good score.
What credit score do you need to be approved for a fast loan?
A credit score is not the only requirement for a fast loan! You will also need to show proof of a stable income. If you meet this criteria, a credit score in the 700-800's is ideal. Credit scores in the upper 600's are often readily approved with proof of job.
