According to Experian, a good credit score is a score above 700. This suggests to a lender that there is a history of good credit management. Experian states that most credit scores are between 600 to 750.Continue Reading
There are several factors that impact a credit score. Numerous late payments, age of an account, credit to balance ratio and total debt are some factors that can negatively impact a credit score. On-time payments, no collection accounts and a low number of credit inquiries are factors that impact a credit score positively, Experian explains.
Each lender uses a different credit system to yield a credit score, Experian notes. A good credit score with one reporting agency typically leads to a good credit score with a lender.Learn more about Credit & Lending
Customers can dispute an error on their credit reports with Experian through the Customer Assistance page, according to Experian. The site provides a form that customers can fill out to provide information about what they are disputing.Full Answer >
Credit Sesame is a free consumer credit monitoring service, whereas Experian is primarily a credit reporting agency that also provides credit monitoring to consumers for a fee. Experian reports the FICO score that lenders usually use, however, Credit Sesame uses a different scoring system. Additionally, the analysis tools provided by Credit Sesame are limited, and the advice provided is qualitative and too general, according to the Credit Card Forum.Full Answer >
An excellent credit score usually ranks above 740, indicating that the borrower makes consistent, on-time payments. People with high credit scores usually have a total debt balance that is significantly smaller than their available credit, which is viewed as evidence of responsible debt management.Full Answer >
A good credit score is generally considered to be 700 or higher, according to Experian. Having a good credit score is one of the most important determining factors when borrowing money for a car or home, or when looking to open a line of credit with a comparatively low interest rate.Full Answer >