What is a good credit score and how can I improve my current score so it's considered "good"?

Anything over 740 mid fico score typically results in the lowest mortgage interest rates available. A good credit score would be referred to anyone between 680-700 mid fico score. Borrowers over a 740 mid credit score would be considered to have excellent credit scores. Learn how to improve credit scoreshttp://loancityhomeloans.com/credit-report

A good credit score is anything above 740. I actually just put a post together explaining how credit works and included some tips on improving your credit score. You can view the post at http://www.newhomemortgagemn.com/free-credit-score/

Pay all bills on time, reduce credit card debt.

Good depends on what your goal is.. each industry that offers credit has different levels of what is acceptable.. while your score might be good enough to get auto financing, it might not be good enough to get a credit card.. but in general.. if your middle credit score is 760 or above.. that is considered excellent.. if your middle score is above 660.. that's considered good. For mortgage finance, you need to be 660 or above for most conventional financing programs.. for FHA most lenders require a 620-640, however there are some that will go down to 540.. but keep in mind that it takes much more than a credit score to qualify for mortgage financing.. employment, employment type, income, income type, foreclosure, BK, Tax liens, Unpaid student loans.. it's possible that if there is a problem with one of these area's, even with a 760 credit score, you might not qualify.. if you want to know for sure, then the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Over 740 is excellent and 690-720 is usually considered good. There are a number of things you can do to improve your credit score. First, I would suggest signing up for a credit monitoring service. Your local bank should be able to set this up for you very easily and usually costs around $20 a month. This way you do not have to guess and can watch your score improve as you follow some simple guidelines. Some ways to improve your score include: disputing any negative items on your credit report, paying all your bills on time, not applying for new credit, paying your cards down below 30% of their available credit, etc...

When working to improve your credit score, do NOT pay off your credit cards. It is better to be carrying a balance of 10-25% of your allowable limitto get better scores. Once you have credit score where you want it, then you can pay them off, but you will want to make purchases on them regularly,for example, use one to purchase some clothing one month, pay it off; use another card the next month to purchase auto maintenance, etc.....