Your credit score can make or break your financial future.
Not only is it used to determine whether you’re creditworthy enough to open a credit card, land a mortgage, rent an apartment or get an auto loan, but it also plays a big factor in the interest rate you qualify for.
There are multiple credit scores out there, but the most common is your FICO score, which ranges from 300 to 850. A score of 780 or above is considered excellent and will land you the top deals available, while a 720 to 780 is strong but may not qualify you for the best rates, says John Ulzheimer, president of consumer education at SmartCredit.com.
A 680 to 720 means you’re likely to get approved for credit but not likely to qualify for the most favorable rates, while having