My credit score is 621 and 641. How bad is it? Is it really bad?

Question

If I pay off some of my credit card bills will it go up up by the end of this year. I trying to buy a house but I'm very young and don't know much about these things

Answer 1

That's not bad per se.  Not the best in the world but you would still qualify for most loans, may not get the very best rates but I don't think you would have trouble getting financing, even in today's market.

Great idea to pay off credit card balances, this will help your score.

Answer 2

You need 700 or very close to get decent mortgage rates. Try to get most of your cards down to less than 50%. If you do pay off some of your credit cards it will go up within 60 days. 621 and 641 is not real bad, you must have too much debt or missed payments.