Credit Universe

Getting your free credit score will provide you with a very important piece of credit information. Credit scores range from between 300 and 900. The higher it is the better rates you will get on loans. A credit score helps you make sense of your credit report, it gives a clear picture of how well you’re managing your credit and also gives you insight into what creditors and lenders look at when determining if you qualify for a credit card or loan.

This is the reason why we suggest that everyone get their free credit score at least once a year. If you are going to apply for a credit card, it is a good idea to get a duplicate of your credit score and report, and check it over to make sure that all of the information is accurate. You can obtain a copy of your credit report completely free every year from any of the credit bureaus.

While the above idea is a completely satisfactory way of keeping track of your credit report you can also get a 3 in 1 credit report as an alternative.

This type of credit report combines the information that appears on your credit report as compiled by Equifax, Experian and TransUnion and gives you a big picture of what your credit in fact looks like. Often, a 3 in 1 credit report gives you a brief list of potentially difficult information, which you can swiftly and easily review.  It is also known by the name of 3 Bureau Credit Report.

Creditors, lenders, and banks will report to a credit bureau whenever a customer takes out a loan, opens up a new credit card account, misses a payment on a bill, or files for bankruptcy. However, they are not required to report it to all three credit bureaus. The result is that the free credit report you obtain from an individual credit bureau might be missing some vital information. That missing information can often have a remarkable affect on your credit report. If you want a very obvious view of how good or dreadful your credit report really is, you should consider paying for a 3 in 1 credit report.

A detailed investigation of your free credit score and report can give you a great insight into your financial situation. If you place your order for a comprehensive credit score from one of the 3 credit bureaus, you can qualify to get your credit history from Experian, TransUnion, and Equifax in a joint file. These will help you in easy assessment of where you stand and enable you to note the differences in your three credit reports. It will help you follow all loans and credit cards that are opened in your name and you will be able to find out which companies contact the credit bureaus.

Are you trying to find out you credit score range before shopping for a loan or credit card? Be sure to visit my site to find out where to get your free credit score.

What is the scoring range on a credit report from low to high?

What is the scoring range on a credit report from low to high?

Answer
A rating [Credit score 720 or higher] — You can easily obtain financing at the best rate; you can get approved for a credit card online in a few seconds. Note that a score above 750 means you have extremely good credit.
typical debt- to- income ratio: Below 35%
Mortgage: You have not been late with a payment in the last 24 months
Installment loan: You have been 30 days late making payments 0 or 1 time within the last 12 to 24 months
Revolving credit: You have been 30 or 60 days late with a payment 0 or 1 time in the last 12 to 24 months
Additional requirements: Good/excellent credit during the last 2 to 5 years; no bankruptcy within the last 2 to 10 years

B rating [Minimum credit score 620] You can get approved, but not at lowest rate. You can get credit cards and such, but at a higher rate than someone with an A rating
Typical debt-to-income ratio: Around 50%
Mortgage: You have been 30 days late with a payment 2 or 3 times in the last 12 months
Installment Loan: You have been 30 days late with a payment 2 to 4 times during the last 12 months
Revolving credit: You have been 30 days late with a payment 0 to 2 times in the last 12 months
Additional requirements: You have no 60-day late mortgage payments; if filed bankruptcy, it must be discharged 2 to 4 years ago

C rating [Minimum credit score 580] Have trouble getting approved. Very high rates. The lender might ask you to get someone to co-sign for you.
Typical debt-to-income ratio: 55% or higher
Mortgage: You have been 30 days late with a payment 3 or 4 times in the last 12 months
Installment Loan: You have been 30 days late with a payment 4 to 6 times during the last 12 months
Revolving credit: You have been 60 days late with a payment 2 to 4 times in the last 12 months
Additional requirements: If you filed bankruptcy, it was discharged 1 or 2 years ago

D rating [Minimum credit score 550] Serious trouble getting approved. Co-signor required.
Typical debt-to-income ratio: Around 60%
Mortgage: You have been 30 days late with a payment 2 to 6 times in the last 12 months; and 60 days late 1 to 2 times during the last 12 months
Installment Loan: You have a few 90 and 120 day late payments during the last 12 months
Revolving credit: You have a few 90 and 120 day late payments during the last 12 months
Additional requirements: If you filed bankruptcy, was discharged within last 12 months

E rating [Credit score under 550] Unlikely to be approved.
Typical debt-to-income ratio: Around 65%
Mortgage: You have a pattern of 20, 60, 90 and/or 120 day late payments
Installment Loan: You have a pattern of 20, 60, 90 and/or 120 day late payments
Revolving credit: You have a pattern of 20, 60, 90 and/or 120 day late payments
Additional requirements: You may have a current bankruptcy or foreclosure

Hope this answers your question