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My credit score is

June 13th, 2014 at 11:09 am

Equifax 717 (range 250-900)

Is that good, bad, mediocre, or otherwise?

Just starting to look into these things with interest, given a potential refi or purchase of vacation home.

Thanks in advance.

4 Responses to “My credit score is”

  1. Bob B. Says:

    About the same as mine. Decent, even good, but not great. Maybe a couple missed payments in the past? I think you start getting the best offers from lenders with a score of 750+.

  2. snafu Says:

    There have been quite a few recent write-ups on how FICO scores are set since Discover cards offers that information. Bob confirms what I've read. Our scores are impacted by how many and amount of active credit products we use and is quite subjective by each rating service and income to credit used ratio. Not using much credit, NOT having car loan, active Personal Line of Credit, Home Owner Loan has potential to lower your score. SA folks who use their CC for a purchase and pay it before the bill posts do themselves a dis-service by losing points in credit ratings. It's done wonders for people who re-negotiated mortgage rates downward for example. As I understand it, your rate increases if you use a couple of different CCs , more than one financial institution, and stay within agencies ratio credit to income standards.

    If you're wanting to buy another property, you might want to use a variety of credit products. With interest rates so low, you could open a no fee no cost LOC, buy something you've planned to buy anyway, pay as soon as it posts as interest is charged daily.

  3. creditcardfree Says:

    According to Discover that is consider an average or good score. I'm at 804 according to my last Discover statement. This is down from 813 about four months ago. This is actually a FICO score, so I'm not sure if the range changes for an Experian score, which seems to have a higher range.

    Here's the post I did on our scores and shows the chart Discover uses.

  4. stefureac24 Says:

    Yeah that's pretty good. I am not sure where you looked up your credit score, but just be careful because a lot of sites have you pay $1 for it and then they sign you up for a monthly subscription and they charge like almost $20. I just want to warn you because when I started getting an interest in knowing my credit score, it happened to me and I was so mad because I couldn't get my money back!

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