Is 677 a good credit Score? What can I do to improve it ?

Question

Is 677 a good credit Score? What can I do to improve it ?

Answer 1

Hey Debbie, it's not too bad a score at all...actually it's pretty good. You may be new to credit and/or had some lates in the past. Just be mindful about paying on time and keeping your debt usage to a minimum (no more than 20% on credit cards) and always, always pay on time.

Dont apply for too much credit at a time. Ideal is every 2 years or so....if need be only.

Answer 2

FICO scores range between 300 and 850. Ratings are as follows:

~ Excellent: Over 750

~ Very Good: 720 or more

~ Acceptable: 660 to 720

~ Uncertain: 620 to 660

~ Risky: less than 620

The formula used to calculate your FICO score includes information based on several factors:

~ 35% on your payment history

~ 30% on the amount you currently owe lenders

~ 15% on the length of your credit history

~ 10% on the number of new credit accounts you've opened or applied for (fewer is better)

~ 10% on the mix of credit accounts you have (mortgages, credit cards, installment loans, etc.)

The web site below has ways to improve your credit score

Answer 3

That is a good score.. As long you pay your bills on time and only apply for credit and loans when you have to, your score will improve over time...