The simple answer to what is a good credit score depends on what you’re pulling it for. What you’re looking to do with your credit will determine how your score is calculated.
Credit, better known as debt, makes the world go round; especially for Americans. Everything from obtaining a credit card to purchasing a new car to purchasing a new home; lenders make their lending decisions based on the credit worthiness of the borrower based on their credit scores and ratings.
For most people, getting a loan from a mortgage company is probably the most important move they will make in their lifetime. Those who are fortunate enough to have excellent credit will find the process relatively painless and straightforward.