What Is A Reasonable Credit Score?  In this presentation I define, analyze and explain what  a good credit score is and va...
What Is A Reasonable Credit ScoreWhat is a good credit score?During my time as a credit advocate I have been asked many ti...
What Is A Reasonable Credit Score                               700Many experts (including myself) state that a good credi...
What Is A Reasonable Credit ScoreWhat hurts my score?Many times people are not able to paymoney back they receive through ...
What Is A Reasonable Credit ScoreThis in turn hurts their credit score. Many times aperson will eventually gain the abilit...
What Is A Reasonable Credit ScoreHow can I improve my credit?A good place to start is in paying your bills on time. If how...
What Is A Reasonable Credit ScoreMany times setting up payment arrangements is enough to keep the debt frombeing reported ...
What Is A Reasonable Credit ScoreOne of the greatest resources is the FTC (Federal Trade Commission) website.They have a t...
What Is A Reasonable Credit ScoreHowever, I am an advocate for self credit repair and believe anyone can do this.So, belie...
What Is A Reasonable Credit Score                          ABOUT THE AUTHOR   Gene Barber is a credit advocate of the peop...
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What is a reasonable credit score

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In this presentation I define, analyze and explain what a good credit score is and various things you can do to improve and maintain it. With direct examples and everyday language I explain what a good credit score is and how to achieve this goal.

Published in: Economy & Finance, Business
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What is a reasonable credit score

  1. 1. What Is A Reasonable Credit Score? In this presentation I define, analyze and explain what a good credit score is and various things you can do to improve and maintain it. With direct examples and everyday language I explain what a good credit score is and how to achieve this goal.
  2. 2. What Is A Reasonable Credit ScoreWhat is a good credit score?During my time as a credit advocate I have been asked many times one recurringquestion, “What is a credit score?” At other times someone would askme, “Gene, what is a good credit score?” Well, a credit score has three numbersthat creditors use to determine things such as interest rate (high versuslow), credibility (will they repay the loan), and your monthlypremiums/payments. This is a simplified answer to a more complex issue, but itwill serve our purpose in this article.
  3. 3. What Is A Reasonable Credit Score 700Many experts (including myself) state that a good credit score should be aminimum of 700 (or higher). This is not an unrealistic goal as more than half ofthe population meets this criteria. Things such as paying your bills on time (creditcards and loans) will have a positive impact which will reflect on your credit score(in the form of a higher score).
  4. 4. What Is A Reasonable Credit ScoreWhat hurts my score?Many times people are not able to paymoney back they receive through credit orborrowing. Also, when people accumulatemore debt (versus paying off the old debt) itcompounds the issue causing an increase inwhat you owe. Not paying this total not onlyincurs late fees and penalties, but is alsoreported to the three major credit bureaus(Trans Union, Equifax, Experian).
  5. 5. What Is A Reasonable Credit ScoreThis in turn hurts their credit score. Many times aperson will eventually gain the ability to pay backsome of the money but at that point it is considereda late payment. And to make mattersworse, avoiding creditors calls and mailings canclassify you as unpaid. This information will beposted to your credit report sending an alarm topotential lenders.
  6. 6. What Is A Reasonable Credit ScoreHow can I improve my credit?A good place to start is in paying your bills on time. If however the debt you haveaccumulated is too much to pay at one time a strong recommendation is to thengo directly to the creditor and make payment arrangements (many creditors willwork with you because they want to be paid back what they have given).
  7. 7. What Is A Reasonable Credit ScoreMany times setting up payment arrangements is enough to keep the debt frombeing reported to the credit bureaus. Also, this will allow you to manage yourdebt better avoiding penalties and defaults.In conclusion, a good credit score is something you can attain and maintain. Witha little honesty and effort you can not only manage your debt, but eliminate it.The power is truly within your hands to fix your credit.
  8. 8. What Is A Reasonable Credit ScoreOne of the greatest resources is the FTC (Federal Trade Commission) website.They have a tremendous amount of information regarding credit repair, selfcredit repair and the laws and rules that govern credit repair. They also providetips (for free) that will allow you to not only fix your credit, but if you procure theservices of a credit repair organization, they provide a set of guidelines. Theseguidelines can not only save you time but money.
  9. 9. What Is A Reasonable Credit ScoreHowever, I am an advocate for self credit repair and believe anyone can do this.So, believe in yourself and stay focused upon your goals. You can achieve allthings if you believe.
  10. 10. What Is A Reasonable Credit Score ABOUT THE AUTHOR Gene Barber is a credit advocate of the people educating individuals on the truths behind financial responsibility and accountability. You can read more of Gene’s articles at his blog: http://howtoselfcreditrepair.com

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