What is a credit score worth in terms of money? A good credit score could save you thousands of dollars, while a poor credit score will cost you dearly. It might even mean the difference between landing a high-paying job and settling for something less. Over the long run, that might mean the loss of more than just money.

What is a credit score but a measure of your reputation and trustworthiness, helping lenders determine whether to give you credit. ScoreSense helps you monitor and improve your reputation and increase your credit score.

In the Back to the Future trilogy, George McFly’s reputation and future was altered for the better when he stood up to the bully Biff. Not only did his life improve, but the lives of his family members as well. What is a credit score doing in an analogy from a movie? Moving your score up the credit score scale could impact the futures of you and your family as well.

The higher your credit scores, the greater the likelihood you will be approved for a loan. You may also receive lower interest rates, saving hundreds or even thousands of dollars over the lifetime of a loan. It might mean the difference of living paycheck to paycheck and having a little money left over at the end of the month.

What is a credit score worth having? Credit scores can range between 350 and 850 on the FICO scale. Though score interpretations vary among venders,  usually any score above 700 on a credit score chart is considered good, and scores below 600 are generally regarded as poor.

Obviously, you want a good credit score above 700. But how do you get there? What is a credit score worth to you and your family? If it’s worth a few dollars a month, you might consider a credit report monitoring service to help improve your credit score.

To learn more about credit and credit reports, and to get your credit scores along with a trial membership in our credit monitoring service, visit www.scoresense.com today.

 

Posted by:ScoreSense

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