Debt and credit are part of most people’s lives. Every penny that you earn and spend contributes towards your credit. In fact, the term credit score is often a nightmare to many people.

Upon your credit score depends the interest rates of your loans and mortgages, credit cards, the type of house you live in and the job you hold.

A stellar credit score

A low credit score can prevent you from getting some of the basic facilities like a credit card, a mortgage or a good job. You can always select credit repair to improve your FICO score but first you must know what is a good score and what is a poor credit score.

In the simplest terms, a credit score of 780 points or more is considered excellent. This is indeed difficult to achieve for many people but if you maintain a good credit history from the very beginning there is no reason why you cannot achieve a credit score of 780 or more.

Some people have a credit score as high as 820 points. This is nothing impossible. However, you must be very responsible about your credit from the very beginning to achieve a score that high.

There are several credit repair companies that can help you improve FICO score. But first you have to know where you stand.

High up the charts

If you have a credit score of 780 and above then you are in excellent position and will qualify the best interest rates for any kind of loan.

If you have a credit score between 720 and 779 then it’s a good score and you shouldn’t have any problem getting good rates on loans and credit.

If your credit score varies between 680 and 719 it is good but not good enough to qualify for the best rates in the market.

A credit score between 620 and 679 is average and nice improvements. With the score you will get decent rates but not the best ones.

A score between 580 and 619 indicates that you are high risk and will put off any decent rate.

If you are credit score is 580 or lower, then you have very poor credit and will have trouble qualifying for any kind of loan.

No reason to be in despair

While most people would like their credit score to be high, it isn’t always the case. But a poor credit score is not the end of the world. It can be easily improved and that is what credit repair services are for.

Whether you need debt consolidation or want to improve your credit score, a professional credit repair agency will guide you in the right direction and help you get the best results in the shortest possible time. However, once your credit is repaired you must take care to maintain it and prevent going into debt again.