What is a Good Credit Score?

Based in Orlando, FL, Allied Credit Consultants helps clients that are trying to improve their credit standings. Since 2014, Allied Credit Consultants acts as a liaison between creditors and customers to help manage overdue accounts.

A person’s credit score can be based on credit card debt, home mortgages, car loans, or any money borrowed and then paid off. It is important to establish good credit early on to save money on interest payments when borrowing money.

A credit score is a three-digit number ranging from 100- very bad credit to 900- excellent credit. A good credit score is usually considered to be 720 or higher. However, lenders can have different standards depending on who you are dealing with and what you are applying for, so it is best to have the best credit score possible. With credit scores, the higher score a person has, the lower the risk they are to lend money to because it shows a higher possibility of that person paying back the debt.