Frequently Asked Questions(FAQ)

Is 700 a good credit score?

Though some lenders have a proprietary scoring system, 700 is considered a good score by just about all lenders. 

What is the fastest way to improve your credit?

The fastest way to improve your credit is to bring any past-due accounts up to date. Your payment history is the most significant determinant of your credit score. Also, reduce your utilization rate, the second biggest determinant, by paying down balances or increasing your credit limit.

How often does my credit score change?

Your credit score changes at least once a month, sometimes more often. This is why making payments on time every month is critical to improving your credit score.

About the Authors

Bob Phillips

Written by: Bob Phillips

Financial advisor and content writer

Bob has 15 years of experience as as a financial advisor/trainer/agency manager for several major financial services companies. He earned numerous awards for personal production and agency leadership during his financial career.

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