What is considered a "good" credit score? True Credit says my score of 730 gets a grade C

That's a great score, you should be able to receive the best rates available. The score used is the one in the middle. So if you have a 735, a 713 and a 731 then the rate will be based off of the middle score which is 731.

Sorry to contradict the previous post, but 740 affords you the best rate for a conventional loan with 20% equity, while some mortgage programs may not factor the score into the rate (FHA for example). Also, the score your monitoring service quotes you isn't the same score that we in the industry use. This may be why a 730 for them is "C" credit, while 730 for us is "A" credit.

True Credit (Trans Union) says a 730 is a "C". That makes no sense to me, but no matter what that says, it is what lender say that is important. In the mortgage world, lenders pull all three major credit reports. We then throw out the high score, throw out the low score, and base everything off the middle score. To get the best the industry has to offer on standard loans, your middle score must be over 740. For VA and FHA, over 620 usually gets you their best rate. Down payment, loan type, and other factors all come into play for your final rate, but as a basic example, figure these: 740 = Best Rate. 720 - 739 = .125% higher, 700 - 719 = .25% higher, 680 - 699 = .375% higher

They use a different scoring model: From their site: "How is my current score different from the VantageScore? Until now, TrueCredit.com provided subscribers with their TransRisk score. The main difference is the score ranges. The TransRisk formula generates your credit score between 300 and 850 while VantageScore's score range is 501 to 990. " With the high end being 990 on that scoring model, your 730 is midrange and more likely in the low to mid 600 range if a lender pulled it. Buying those scores is useless if you plan on obtaining a mortgage. The only way to know what your actual score for qualification is, would be to apply with a lender.

That's what is bugging the hell out of me right now too. I've been reading that my 738 score is supposed to be so great, so why is Transunion rating it as a measley C ?