Does anyone know how high youre fico score can go? I have a score of about 550. want to know what a good score is. what should my goal be?
There are three credit reporting agencies, each of whom have their own credit scores. While the ranges differ for each agency, the general range is 300-900, with the higher score reflecting a higher (better) credit rating. A score of 550 is pretty low and considered "sub-prime". A credit score to shoot for is 680 and above. The average American's score is around 700-750. If you hang around this board, read a LOT of the previous posts and keep asking questions, you will learn in time how to improve your credit rating. Credit building/re-building that is both legal and ethical IS possible with a little time and a lot of dedication. A year ago my credit score was around 530. Today it is around 650. Hang around this board. It changed my life.
