The personal credit score of each individual in the US affects our life daily. Our credit score influences how much we pay for car insurance or if we qualify for the best mortgage rates out there. However, credit scores are also a great mystery for most people. We do not know how it is calculated or how we can boost it so that we would be able to benefit from a better credit score. Credit scores range from around 300 – 850 points. A credit score of 850 is pretty much the highest credit score possible.
Let’s give you a better feeling for the extremes related to the credit score madness. The national average credit score is roughly 692 points. About 13% of the US population has scores above 800. On the other side of the scale it has to be noted that roughly 15% of the population has a credit score of lower than 550 points. In general, a good credit score is anything above 700 and great credit starts at around 775 points. $10,000 or more in credit card debt? Consider Debt Consolidation
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