66. Are You Wondering About Your Credit Score?

If you are wondering about your credit score, you may want to know if you have a good one. So, how can you tell if you have good credit? We have discussed many ways to improve your credit score, but how do you know when you have achieved a good credit score?

Quick Review

A credit score is a number that shows how likely you are to repay your debts. According to Experian, a score of 700 or above is generally considered good. The best way to check is to get a free copy of your credit report.

Good Credit

When your score is 700 or above, you receive better interest rates, better/faster chance of approval for a loan, higher credit limits, better car insurance rates, easier approval for rental property, and you can even avoid security deposits on utilities.

Bad Credit

When you have a score far below 700, you need to take steps to increase that score. If you have a feeling that you have bad credit, the first step is to evaluate your current financial situation and review your score. Knowing your exact score will help you prepare for increasing that score.

Is your score low due to a financial meltdown? Do not avoid credit! You need to reestablish your credit after a credit or financial crisis to show the credit-scoring bureaus that you have learned your lesson and are currently managing your credit in a responsible manner.

Worried About Your Credit Score?

There are simple steps that you can take to improve your credit. Still worried about your credit? Our office offers a credit repair program that will help you increase your credit score with a simple step-by-step process. Schedule a free consultation to learn more about credit repair!

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Daniela Romero

Daniela Romero has been practicing law in the Los Angeles area since 1998. Ms. Romero has practiced in the areas of civil litigation, family law and bankruptcy law. She was also the staff attorney for the Los Angeles County Bar Association’s Domestic Violence Project. MORE

PASADENA and SAN GABRIEL VALLEY BANKRUPTCY LAWYER

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