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credit helps you get loans so that banks know you are good for the money. loans get you cars and homes.

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13y ago
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Q: Why is it important to have a good credit score?
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Is credit score 606 good?

A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.


When it comes to credit what is good?

A good credit score is anything between 700 and 749. It is very important to have a good credit score when wanting to buy a house.


How good is an 869 Credit Score?

How good is an 869 credit score?


What is a credit report and why is it important?

it is when you check your credit it shows you your score and tells you if it is good or bad and it is important because without it you could spend extra money on something you buy because you have a bad credit report score.


Is the credit score of 583 a good score?

583-619 is bad credit score in credit score range


What is a good range for a credit score?

Good credit score ranges between 680- 750 and above this range credit score is considered excellent. Check your credit score regularly to get an idea about your credit score regularly.


Is 696 a good credit score?

Yes, a 696 is a very good credit score. The higher the score a person has the better chance to get credit.


Is 776 good credit score?

yes 776 is a pretty good credit score.


What does a 667 credit score mean?

I dont know what exactly 667 is but a credit score is rated on how good your credit/debit card use is, EG: your credit score is Good


Good credit score?

A good credit score is what each of us aspires to. After all, a credit score is one of the important determining factors when it comes to borrowing money - and getting a low rate when you do. But trying to pin down a specific number that means your credit score is "good" can be tricky. After all, there are lots of different credit scores that lenders use when trying to decide whether to grant you a loan and one lender's "good" score may fall into another lender's "fair" credit category. (Not to mention, you may score differently from model to model.) Luckily, there are broad rules of thumb that can help someone figure out whether their credit is good or not.


How can one qualify for the cheapest mortgage rates?

Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.


How do you get credit score?

Getting good credit score depends on how creditworthiness of that person.