I was told that if I paid off my one bad credit card I would have a 3.0 credit score. Is that really good? As I understand it the card is the only thing on hubby and my credit.
Asked by Anonymous at 11:46 AM on Feb. 4, 2010 in Money & Work
No, that's horrible :( sorry not trying to be mean. We are working on a 601 credit score to get it up to where we can qualify for stuff which it needs to be at least 620.
Here's a link that will explain what your credit score rating is and what is good/bad. I would still pay off any old debt if you're working on credit and can. To raise your score it's best to pay all bills on time, have no outstanding debt and if you don't have a house, car or credit card right now that reports whether you're paying on time then I suggest a secured credit card preferably through your bank you're willing to pay on.
Answer by Knightquester at 1:27 PM on Feb. 4, 2010
No, I wouldn't say that's high. I would say that's actually pretty low. I've never heard of a credit score being 3.0. The higher the better. The best you can get is up in the 700's I believe.
Answer by legalmommy101 at 11:48 AM on Feb. 4, 2010
Answer by Kari126 at 11:52 AM on Feb. 4, 2010
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