Skip to main content
  1. News
  2. Top News

Credit score headaches: What you need to know

See also

Your credit score is essential for securing loans, rental properties, and even for many employment opportunities. Credit scores are determined by a how timely you are with your monthly payments, as well as your overall debt to credit ratio. Generally speaking the following numbers determine your ability to secure futures loans—or whether or not you have “good” credit.

  • 720-850 excellent
  • 675-719 average
  • 620-674 below averages
  • Below 620 poor

If your credit score is less than excellent, consider the 3 tips below as suggested by North American Bancard for improving your credit score. It will take time to see improvement, but these tips will get you started in the right direction.

Tip #1 Identify Your Areas of Opportunity

Begin by determining why your score is lower than you desire. This most often due to debt being placed in collection, late payments, or having too much charged on your credit cards.

Tip #2 Bring Credit Card Balances Down

Even if your payments are timely, your score may still be lower than excellent. This is most often due to your debt to credit ratio. You can improve your debt to credit ratio by having more available credit on your credit cards than debt.

Tip #3 Open New Credit Accounts

While this may sound counterproductive at first, open new credit accounts—that you do not intent to use. This will improve your debt to credit ratio, and provide you with more positive credit. If you are going to use your new credit cards, charge small amounts that you pay off in full and on time each and every month.



  • Gaza conflict
    Israel official: Ceasefire and expanding Gaza conflict are both being discussed
  • Air Algerie crash
    Conflicting reports about the Air Algerie disappearance begin to emerge
    Top News
  • Arizona execution
    A Senator familiar with torture denounces Joseph Wood's botched execution as such
    US News
  • Ray Rice suspended
    Ravens' running back Ray Rice is suspended for two games for a domestic violence arrest
  • Amazon tribe falls ill
    An Amazonian tribe catches influenza after making first contact with the developed world
  • CIA prison in Poland
    Poland is declared guilty of human rights violations for hosting a secret CIA prison