What is Good Credit

Good Credit

iCreditRepair is experienced in credit repair.

• Evaluates existing credit
• Disputing items on credit reports
• Building better credit
• Preventing bad credit
• Accurate Credit

Only good credit is productive especially in this economy.  There are three major credit bureaus that determine credit scores: Experian, TransUnion and Equifax. Each credit bureau has a different method of calculating credit scores.

What is good credit?

Ultimately a credit score is defined by a three-digit number ranging from 300 to 850. Every credit bureau analyzes your credit history by looking at:

• Number and severity of late payments
• Type, number and age of accounts
• Total debt
• Public records

Lenders look at your score, your credit history and may factor in your income, job history, savings accounts, payment history and existing credit lines.

High credit scores lead to lower interest rates, larger lines of credit, better personal loans, auto loan approval, refinancing and more.

Today a good credit score totals a 720 or higher. Anything below is considered low credit and even bad credit because of the state of the economy and recent strict lending requirements.

Good Credit Scores

A good score and a good credit history shows lender you are responsible in:

• Meeting the terms of a lending agreement
• Paying bills on time
• Borrowing money

Get the help you need, understand your current score and discover what it could be. Credit experts are standing by experienced and capable of giving you all the information you need to repair your credit.