May 23, 2022
Have you checked your credit report recently? Or perhaps you haven’t done that ever? Most of the time, consumers won’t care about it until their credit or loan applications get rejected. Then, they would request their credit report and turn to the best credit fix companies for assistance. If you’re interested, you can get yours from annualcreditreport.com or 1-877-322-8228.
How can you tell if you have good or bad credit? Allow us to share the signs.
Signs you have a good credit score
FICO scores and VantageScores typically use the 300-850 scale in which a credit score from 690 to 719 is considered good. Scores exceeding 720 are also excellent, while scores from 630 to 689 are fair. A good credit score can help you get the following:
- An unsecured credit card or a balance transfer card with a reasonable interest rate
- A mortgage with a sound interest rate
- An attractive car loan or lease
- New credit for emergency expenses, should you lack an emergency fund or it runs out.
You won’t have to worry about finding the best credit fix companies with a good credit score. In most states, high credit scores may also mean lower insurance premiums. Some landlords may even consider it when screening tenants.
But how can you tell if you have bad credit? Mentioned below are a few signs to know:
- Denied or rejected loan application
- Your credit card issuer won’t raise your limit or reduce your APR
- The credit card issuer closes your card
- A debt collector contacts you
- A creditor sends a subpoena or a default notice
- You start getting pre-approved credit cards from subprime financers.
- You have to pay extra fees or unattractive rates for utilities and insurance.
Did you notice those signs of bad credit? Don’t delay consulting with one of the best credit fix companies. Choose a legal credit fix company that is bonded, licensed, and registered with the Secretary of the State. That way, you can be more confident in their solutions and assistance.