808 credit score
The point is, there are really only three ways to have a credit score. You can’t have a perfect score or a below-average score. You can have a below-average score but still be credit worthy. You can have a perfect score but not be credit worthy. You can have a perfect score and not be credit worthy.
Some credit agencies have created their own scoring model that tries to find out how creditworthy you are based on all of your information. Others just rely on your credit report, which will tell your credit score. We’ll get to that later.
Your credit score will be based on a variety of factors, including your debt, your credit history, your credit utilization, and whether you have a good history with all of your creditors. You should get a credit report every year. This will give you a score based on the information you provided.
If you have a credit score of 680, you are probably a very creditworthy person. If your score is below 700, you may be considered a fairly creditworthy person, but not a risk that will cause you to lose your home.
It’s not as simple as scoring based on your credit score. You will need to pay attention to other factors to make a fair assessment. For example, if you are a smoker and smoke a pack of cigarettes a day, that’s not going to factor into your score. It’s important to keep in mind that smoking may be your biggest risk factor, as your score will be based on a variety of factors.
One factor that will affect your score is the amount of home equity you have. If you have $50,000 in home equity, you will score higher on the Credit Score side. But if you have $200,000 in home equity, your score will be based on your credit score. If you have $200,000 in home equity, $600,000 in home equity and $100,000 in equity in other assets, you will see a decline in your score.
Of course, there are a few other factors that will ultimately affect your score as well. One of them is your age. For those under 36, your score will be lower than those over 36.
I don’t know about you, but I have more than enough home equity to get me to the top of the list. But I still get a little nervous when I enter the big four-digit number on the Credit Score side. To be honest, I’m not even sure I have a credit score. I just have a number that shows up on my credit report as “8001+” with the number on the left.