A credit score is a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports.
Although ranges vary depending on the credit scoring model, generally credit scores from
* 579 & below are considered poor
* 580-669 are considered fair
* 670-739 are considered good
* 740-799 are considered very good
* 800+ are considered excellent.
Ways to Improve Credit
1. On time payments
2. Solid payment history
3. Pay down but do not close credit cards
Ways to Hurt your Credit
1. Late payment
2. High credit card balances
3. Closing credit cards
4. Unpaid bills in collection
5. Running credit numerous times
Rebuilding your Credit
1. Payoff collection accounts
2. Obtain a secured loan backed by a cash deposit
3. Diligently monitor your credit
