A credit score chart is what creditors look at to see if you are in good standing or not. This helps them decide whether or not to lend you money that you need to buy a car, a house or pay for tuition.
Because it does not take into account gender, race, religion, martial status or national origin, it is fair. What they use as basis is your behavior over the past few years. They will look into your credit history to see if you have any debts or outstanding loans, lines of credit and how long have you been given credit.
There is a certain percentage on each of them so if you dont do well in one, there is a chance that you could improve on this in the others.
The one that is used by credit agencies is the FICO score and this information is available to you and to the lender.
The credit score chart is from 300 to 850. Majority of Americans score above 700, which is good and makes it easy for them to get credit and even waive a deposit. A small number dont do well and they have to work hard to improve it.
Keep in mind that the credit score chart is just numbers. They dont tell you how to improve your score or maintain it. So, to help you along...
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