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I was wondering what is considered a good credit score? I checked mine, and it seems pretty high, but I need a personal loan for 3000, so that I can move accross the country… I work as a Student Loan Specialist, answering questions and what not, but we’re still not trained on what is considered a “good” credit score… does anyone know the ranges on them? any help would be great, thanks.

5 Thoughts on good credit?
  1. Reply
    Judy
    November 3, 2011 at 9:32 am

    See http://en.wikipedia.org/wiki/Credit_score_%28United_States%29

    The article says median is around 723. Highest possible score is 850.

  2. Reply
    L-Boogie
    November 3, 2011 at 10:13 am

    For most major loans – such as car loans and mortgage loans, 620 is the “get-your-foot-in-the-door” score that will afford you a decent interest rate. Obviously, the higher the better.
    Good luck!

  3. Reply
    k-9 woof woof
    November 3, 2011 at 10:45 am

    i agree with what L-Boogie says. if trying to obtain a personal loan as i have recently done to make a few home repairs, i would have to share with you that my loan officer told me he could only loan me @$ 2,000.00, my score was at about 640 or so.im assuming that if u have other financial responsibilities try and keep them paid up as best as u can,that in time should help ur score rating.im sure we are not all perfect…good luck !

  4. Reply
    marcus79
    November 3, 2011 at 11:40 am

    you can get most loans if you score is above 700.
    As long as your debt to income is at acceptable levels.

  5. Reply
    Mike B
    November 3, 2011 at 12:16 pm

    Go to ‘prosper.com’ that is a great place to get a loan. Your considered a good risk at 640 but 680 gets you what you want….

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