My scores are all saying 'Not Good'. What is the good range of score. You can see my current scores in my signature
Shell FCU : 5K
A decent score is high 600s. 700+ is pretty good for most creditors. 720+ is very good.
I think your score indicator might change at 655, but that is not really a good score.
EX:694 TU:744 EQ:777Thanks. Yes score simulator is saying once i pay off 2500 of my 2700 balance on cards both Equifax and TU may go upto 680. And 6 months of on time payment may increase them upto 710 max. Right now my scores are being hurt by lates and paid off collections. Lates mostly as there had been a 120 day late on my auto loan which was back in Nov 2011. how long this 120 day late will hurt my score? 2 years or 7 years?
@sghosh5 wrote:Thanks. Yes score simulator is saying once i pay off 2500 of my 2700 balance on cards both Equifax and TU may go upto 680. And 6 months of on time payment may increase them upto 710 max. Right now my scores are being hurt by lates and paid off collections. Lates mostly as there had been a 120 day late on my auto loan which was back in Nov 2011. how long this 120 day late will hurt my score? 2 years or 7 years?
I always use the low number on the score estimator, but lowering your utilization is the easiest way to quickly improve your score.... its a large factor in the FICO algorithm. 680 would get you approvals at many lenders. The 120-day late will hurt your score for 7 years. Some people are successful at getting negative items removed by writing goodwill letters to their creditors. You might want to try it. Some collections will delete if you just ask them. Others are much more difficult, but you have nothing to lose by trying.