A credit score is a 3- digit number between 300-850. A credit score is used by
lenders to determine whether a person qualifies for a particular home loan,
auto loan, credit line, credit card, loan, or other service. Property managers
and sometimes employers use this score to evaluate their own risk in entering
agreements with you for property or evaluating you for employment. They are
specifically evaluating the likelihood that a person will make payments on time.
Generally the higher the score the less risk a person represents. Scores 720 and
above are usually considered a safe risk and receive loans with lower interest rates.
Do you have negative items affection your credit score like overdue payments,
charge offs and collection accounts, high credit card limits or a large number of
inquiries? Do you have mistakes and misinformation reporting on your credit
If you have bad credit you can improve your credit. Federal Laws were enacted to
help protect consumers from errors and mistakes that can be made through no fault
of your own.
Get a free credit consultation today from Step 1 Credit and take control of your