Wednesday, May 26, 2010

My credit score is 553 what does that mean?

I have worked for a collection department and that score is not bad but its not good either. But you are half way to good credit so just work on it.



My credit score is 553 what does that mean?

that means you have pretty bad credit...start working on it and re-check your score in a few months



My credit score is 553 what does that mean?

it doesn%26#039;t mean a thing.



My credit score is 553 what does that mean?

it means that it is not bad, but it could be better.



My credit score is 553 what does that mean?

It means you haven%26#039;t been too mindful of your payment obligations. You better get used to paying for things in cash for some time to come.



My credit score is 553 what does that mean?

850 is the highest credite score and who knows what the lowest is. It means you can only expect to borrow a limited amout of money such as a car would be but not a house loan. To get your score up you need to pay something into the credit system like pay an outstanding debt or even a payment or three. To really get your credit score up try borrowing say 200 dollars and pay it back with just your standard payment and your scroe will increase each time you make a payment. Your score is not good,but not totally bad, mine is about the same



My credit score is 553 what does that mean?

It%26#039;s to the low side, which means it will be harder to secure a loan and the rates will not be as good as for a person who is 678 (national average) or higher



My credit score is 553 what does that mean?

It is a low credit rating.



My credit score is 553 what does that mean?

Well it means that you dont have the best credit , but it isn%26#039;t that bad either. Here are the factors that influence your credit report:



35% Payment History



30% Amounts Owed



15% Length of Credit History



10% New Credit



10% Types of Credit Used



they determine your score.

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