Saw a change in my one bad TL w/EXP, pulled myFICO to see if it lowered my score. Nope, score went from 713 to 721. Yeah! Then I read the summary and thought about how much it sounded like a fortune cookie. Remember, w/this score I have been turned down by Amex for my BK over 2 years ago. The Bottom Line: What a FICO score of 721 means to you More than 75% of the applications for credit in the U.S. last year were decided with the help of a FICO score. Lenders consider many factors in addition to your credit score when making credit decisions. Looking solely at your FICO score, however, most lenders would consider this score as very good. This means: * It is very unlikely your applications for credit cards or other loans will be turned down, based on your score alone. * Most lenders will consider offering you very attractive and competitive rates and terms on loan products. * Many lenders will be able to provide you with an instant approval status based on your score.
I also got a kick out of the "negatives" for my score - my balances are too high (I'm under 10% utilization), my history is not long enough - 21 years is too short, eh? If they're going to toss random crap around, it should be things like "you don't finish the food on your plate" or "you never stood straight!"
