is 805 a good credit score
The credit score is a number that looks at your past credit history and your payment history. The more you pay in a given year, the higher your credit score will be. A good credit score is the number one factor used to determine whether or not you should be approved for a loan or apply for a credit card.
A bad credit score is a number that looks at how many different lenders you’ve been approved with over the last seven years. The higher your score, the lower the chance that you’ll be approved for a loan or apply for a credit card.
It’s always good to go over a credit report once you know your score. But if you’re looking to get a new credit card or a loan, it’s best to do it once you know your score. Otherwise, you could get stuck with a bad credit card that you can’t repay on time or a loan that will make you more vulnerable to collection.
The best time to do a credit report is during the due date. The only reason I say this is because you should have your report within three months of your due date, otherwise you will find yourself spending money that you don’t need.
In order for your score to be accurate, you need to know the score, and get your report within three months of your due date. If you wait longer, you may find you need to pay up early. And if you wait too long and pay up too early, they may not give you your report until the next year or so.
I’ve seen bad credit scores go through the roof, but for most of us, it’s a stretch to get to where we are now. If you have good credit, and want to get to where you are now, you are going to need to put the extra effort in to get it.
But most of us still get some credit card debt. So the question becomes, “How much does it cost to pay your credit card bill?” The answer is, it always costs a lot. A recent survey found that if you want to get out of debt, you have to make 6 to 12 percent interest payments per year. That’s more than the average American pays in a year. It’s also more than you currently pay in interest on your home mortgage.
In order to pay off your credit card debt, you will need to have a “good” credit score of at least 640. You can pay your debt off over time, but the longer you keep it, the worse you’ll get at paying interest. So the better your credit score, the easier it will be to pay back your credit card debt.
In fact, credit scores are one of the factors used to determine your creditworthiness. If you get a credit score as high as 805, you are in the top 5 percent of most credit scores in the country. If you got a 740 or less, you are in the top 1 percent. The best score is still likely to be close to 600, but getting that score can be a challenge.
The good news is that when you maintain your credit score, it stays in the top 4-5 percent. The bad news is that this credit score is unlikely to stay that way. In fact, it is unlikely to get better than 400. The good news is that if you do pay off your debt and maintain your score, the interest rates will be much lower so you can afford to pay off your debt faster.