Credit score = 735. What does that mean to me?

Discussion in 'Off Topic' started by LordJezo, Dec 1, 2003.

  1. LordJezo

    LordJezo Banned

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    Just checked it..

    What's that mean to me?

    Also, is it better to pay off loans as soon as possible or to let them go to term.. and why?

    (I am 22 if that matters at all)
     
  2. Electric Amish

    Electric Amish Elite Member

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    It means you're about 300 points higher than me. :p
     
  3. PunDogg

    PunDogg Diamond Member

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    hope rossman gets here

    Dogg
     
  4. iamme

    iamme Lifer

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    pretty sure that's a good score.
     
  5. LAUST

    LAUST Diamond Member

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    it means you are sitting pretty
     
  6. crab

    crab Diamond Member

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    Mine is non-existant.
     
  7. Ameesh

    Ameesh Lifer

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    its a good score, now you can qualify for those low interest loans with greater ease
     
  8. RossMAN

    RossMAN Grand Nagus

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    It means that your credit score is higher than mine.
     
  9. royaldank

    royaldank Diamond Member

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    Anything over 720 is rock solid.

    As for paying off loans....paying them off early isn't going to hurt you. One reason not to pay them off is if you had bad credit. By not paying them early, you increase the number of on time payments, which helps your score. However, if you are sitting over 720, pay them off as early as you wish. Keep a couple lines of credit open and make payments on time (for CC, mortgage, etc) and you'll be in great shape.

    BTW, if you don't have a house, you might want to consider one. Rates are still fairly low and it's a great investment. If you have buddies, have them move in and charge them most of your mortgage payment.
     
  10. PatboyX

    PatboyX Diamond Member

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    i pwned you, jezo.
     
  11. StageLeft

    StageLeft No Lifer

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    1592. I pwn you. Oh wait, I thought we were talking SAT scores!
     
  12. P.O.W.

    P.O.W. Senior member

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    it means you are a good target for identity thieves.
     
  13. Cfour

    Cfour Golden Member

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    where do you check your score?
     
  14. Turkish

    Turkish Lifer

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    sarcasm? damn you if you got a 1592 on SAT :)
     
  15. Vic

    Vic Elite Member

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  16. flot

    flot Diamond Member

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    That score means you'll actually qualify for most (if not all) of the "teaser" rates that you see. IE things like 0% car financing, etc
     
  17. Cfour

    Cfour Golden Member

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  18. EvilYoda

    EvilYoda Lifer

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    I wonder what I would have as a 21 year old who's only had 1 credit card, paid it off on time except for maybe once in the last 2-3 years...I don't really do a whole lot that concerns credit. meh.
     
  19. RossMAN

    RossMAN Grand Nagus

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  20. PatboyX

    PatboyX Diamond Member

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    it is. you have to go through a 3 question quiz and fill out some junk

    i think its yourcreditcounts.com

     
  21. StageLeft

    StageLeft No Lifer

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    Never took them in fact but I bet I'd have gotten a 1592! :p
     
  22. Vic

    Vic Elite Member

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    You may have a good score but could still have trouble qualifying with some banks/lenders due to an insufficient credit history and/or insufficient number of open accounts.
    Contrary to popular belief, credit score is not everything... just very, very helpful.
    That site is owned by Household Finance Corp., a company that I do NOT have a high opinion of (quite the opposite). Credit reports cost lenders about $10-$15 each... most likely they are absorbing that cost for that promotion in return for detailed marketing information including complete credit profile. A bargain IMO.

    The only private way to order your credit report is to pay for it.
    Check the credit education though, as there are ways to get free credit reports depending on the state you live in. For example, anyone can get a free copy of their credit report within 60 days after an inquiry by a lender.
     
  23. trmiv

    trmiv Lifer

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    I tried to get mine, but it claims it cannot verify my identity, even though I answered the damn question correctly. They must have some of my dad's credit stuff on my report yet again.