What is considered a good credit score for credit cards?

Answer On One Hand: 700 to 720 Considered GoodAccording to CBS News, the median FICO in the US hovers at just above 700. As long as you have a score between 700 and 720 you should qualify for most credit ... Read More »

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What is the optimal number of credit cards for a good credit score?

On One Hand: No More than SevenAccording to the Motley Fool, if you have more than seven credit cards your credit score will suffer. The FICO scoring model, developed by the Fair Isaac Corp., penal... Read More »

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »

What is considered a good credit score for an FHA mortgage?

On One Hand: 580 or HigherAccording to CNN Money, as of 2010 the FHA is instituting a minimum credit score of 580 for a borrower to qualify for a 3.5 percent down payment on a home. If your credit ... Read More »

What is considered a good credit score for TransUnion?

On One Hand: A Good Score Is 675 or MoreTransUnion is one of the three major credit reporting agencies that use the FICO system to determine your credit score. FICO scores range from 300 to 850, wi... Read More »