Is 672 a good credit score for a 25 y.o. female?

Question

Is 672 a good credit score for a 25 y.o. female?

Answer 1

It is alright.  Supposedly you need 720 or better to get the best rates when you get a loan.  I am at 713 and working on it.

Answer 2

Hmm.  Not GREAT.  But not bad.  It could be better.

Answer 3

You're not in bad shape.  The average U.S. credit score is around 680 (but who doesn't want to be above average?).  Neither age nor s*x is a factor in your FICO credit score (the one most banks use).  However, younger people tend to have lower scores due to short credit histories and some say due to being less responsible.  However, there are a lot of ways you can work to raise your score.  Keeping a balance low to your available credit, making more than the minimum payment on credit cards, not opening new lines of credit, and checking your credit report for errors are all ways to protect your score.  For a more comprehensive list of credit uppers and downers, try going to www.WhatsMyScore.org

Answer 4

675 is my cut off

Answer 5

First, credit scores do not care about or take into account your age or gender.

In 10 years of looking at peoples credit reports and doing mortgage loans the highest score I've ever seen was 810...the lowest in the 400's.

  Here are some guidelines that can help in real-world applications...not just words like excellent or fair.

You have three credit scores...equifax, transunion and experian...these are 3 different companies called "repositories" Lenders look at all three and typically "use" your middle score of the three.

750 or above gets you the best rates on any loans with anyone..gets you lowest insurance rates (according to credit anyways)  there really is no difference between 761 and 795 there just isn't.

Above 720 and all the same still applies...you just may be asked for more documentation.

The rest is where it gets trickier and diffeernt companies lending diferent amount for different reasons do it, well, differently.

680- 719 still real good and you can get the BEST rates on a mortgage. You may have to put more money down or pay a higher premium on PMI or something..please remember I'm trying to be general.

Guidlelines and others change alot below 680....below 620 and you are facing higher rates, premiums or whatever you're trying to do.  Can still get an FHA loan with only 3% down to buy a home and the rate will be less than 8%.

If you're in the 500's plan on two years of aggressively seeking out new credit, using it wisely and paying PERFECTLY on time all the time before your score go up to 680+ levels.

Answer 6

it is fine. youcan get a loan

Answer 7

It depends on when you started building your credit. Im 20 and mine is a 687 but I had to do alot to get there.