Credit Score of 634...?

I looked at my credit score for the first time the other day and was kinda disapointed that it was only 634. i am a 24 year single female with some debt (credit card, student loans, etc) But have never missed a payment in my life and definately have control of my finances.

Is that score terrible? will i have trouble getting mortgages etc? Is that typical for my age?

Credit Score of 634...?

634 is considered below average. You would want that score to be AT LEAST 660 (let alone 720) in order to qualify for any of the %26quot;billboard rates%26quot; that you see driving down the road. Be sure you have at least 3 open tradelines (revolving debts like credit cards, or installment debts like car loans) at all times. After 12 months, you should have spectacular credit if you follow that rule...

Credit Score of 634...?

That score is low and will likely cause you to have to pay higher interest rates on any loans. Higher rates to offset the implied risk. Be aware of your credit limit on your card. If your balance is more than around a third of your limit, your score can be adversely affected.

Credit Score of 634...?

If your credit card debt to your limit is too high it drags down your score. You ideally want to have a balance of 20% of your total credit. I believe once your balance hits 36% of your total score it keeps going down. If its 75% of your maximum balance, it really stays low.

Credit Score of 634...?

WELL DONT FEEL BAD. AT LEAST YOURS IS BETTER THAN MINE. MINE IS 529=VERY POOR. I OWE A BANK OR CREDIT CARD DEPT ETC. BUT I AM BEING BLAMED FOR ANOTHER DEBT ABOUT A COLLEGE THAT I STOPPED GOING TO!

Credit Score of 634...?

Your score is made up of several things. The obvious ones like payments, bankruptcy, etc are wellknown but they also lookm at how much you are spending. If you put everything on credit your credit score may go down. At some point you will not have the abaility to pay.

Your score is really not very bad.

Credit Score of 634...?

get your balances under 30 percent on each or your credit card. Your score will shoot up.

Credit Score of 634...?

You dont have control of your finances if you have to borrow money. Pay as you go and live on less than you make and you will have money.

Dont obsess with the I love debt score.

You have to borrow money and make payments on time to get a high score.

You have to keep borrowing money and keep making payments on time to keep a high score.

a low score from not paying bills is trouble. If you have a 0 score from not borrowing money you can get an apartment and job and home loan thru maunual underwriting. Same low interest rates. It%26#039;s not a sub prime loan. Its the way it was done before the i love debt score came about. They look at the person.

Of course the bankers on here are gonna tell you different.

But,

Debt free is the way to be!

Remember, borrower is Always slave to the lender.

Always!