How to Find Your Credit Score: Tips to Being an Attractive Buyer

How to Run Your Credit Score

There are several places where you can find your credit score. The easiest way to find your credit score is to look at your credit card statement. Many credit cards these days can either pull your credit score, or automatically include it on your monthly statement.

You can also use a free credit score service online - however, make sure you don’t get sucked into a free trial that will charge you once the trial expires. You can also buy access to your credit score. While you can get your credit score in various ways, what makes an excellent credit score a good credit score, and an average credit score?

Excellent Credit Score Ranges

Excellent credit ranged between 720 and 850. If your credit score is within this range, you have many options for loans and credit cards.

Good Credit Score Ranges

A good credit score ranges between 690 and 719. With good credit, you can still qualify for loans, but you might have higher interest rates or less access to credit cards.

Average Credit Score Ranges

Average credit scores range between 630 and 689. With credit scores like this, it can be difficult to qualify for traditional loans.

What Makes a Great Home Buyer?

However, if you don’t have a good credit score and have an average credit score, you still might be able to qualify for something like an FHA loan. You also might end up paying higher interest rates and therefore more interest over time.

Debt to Income Ratio

One other important factor in qualifying for buying a home is your debt to income ratio. If you have high amounts of credit card debt, student loans, car loans, or other personal loans and don’t have a high income amount, it might be difficult to qualify for traditional loans. If you have consistent, significant income coupled with a lack of debt, it can make you a very attractive buyer.

Conclusion

There are several ways to access your credit score. An excellent credit score and debt to income ratio can make you a very attractive home buyer to sellers!