Is 700 a good credit score or do you need to raise it before applying for a loan?

Many people want to know if 700 is a good credit score. The short answer is yes, it is. Generally speaking, a lower credit score will be between three hundred and seventy-five and nine hundred, and seven hundred and twenty is the average in the US.

Therefore, 700 will provide you with a typical interest rate on a loan or mortgage. Obviously, it could be higher if you took certain steps, like working with a credit repair company, but if you already have a decent credit score, there really is no reason to take this issue.

However, there is something to keep in mind: If a financial institution with which you are about to do business simply quoted this credit rating to you, it would not take this information at face value.

Since the new laws were recently passed, everyone in America is entitled to a free credit report each year, in which they can then review their past history and determine if there are any errors in the document. If so, they are probably negatively affecting your credit score, and therefore you want to dispute them as quickly as possible, before agreeing to an adverse deal with the company.

Even if your credit score seems pretty accurate to you, you’d take this extra step just to be safe; If you find just one or two mistakes, it could mean the difference between getting a decent or great interest rate, so be sure to do this.

What information do you need to provide to get a free credit report? Just tell them your name, date of birth, address, social security number, and whatever else they ask for, and you should be good to go. Remember, sellers who provide a free credit report are obviously very careful about who they give it to, as they do not want to provide this important information to anyone who calls them.

So hopefully this has answered your question: Is 700 a good credit score? Even though it’s decent, I would seriously check your credit report and make sure it’s not a bit higher.