Finance Q&A

Credit Score Mean?

Q. Hi i'm 26 years old and a recent grad school graduate. I ordered a credit report and got a score. however, it didn't say if it's good or bad. can someone explain what the score mean? i have student loan but no other debts. mine was few points below 800.

A. -If you are talking about the FICO (Faire Issac) score, 800 is like an A+. Anything over 720 is good, over 740 is excellent, and over 760 is rare to find. You will qualify for the best rates on any credit that you apply for. -well actually it's the experian/fair, isaac score. the national risk score is 3. i'm not sure if it's the same as FICO. i didn't think i would have good credit since i was a victim of identity thefts 7 years ago. i wrote letters to clear them up but not sure if they stayed on my records. i have close to $50,000 student loan from attending health professional school. i have never made major purchases(house, car,etc.... ) i do buy alot of stuff with my creditcard but i pay them off monthly to avoid charges from the interest. should i order another credit report from another company to rule out experian's mistake? thanks in advance

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