A good credit score is important when it comes to the home buying process in Palm Beach County. There is misrepresentation and confusion surrounding this subject. Responsible monetary activity results in a respectable credit score and the contrary are true for reckless financial behavior. Complete control of your credit score lies solely on your own shoulders. Your credit score does not come out of thin air. Good financial behavior will help you earn a good score So do not blame the credit-reporting bureaus for your score. Too secure a mortgage if buying a new home, you will need good credit scores.

Most adults know a credit report is a detailed report of an individual's credit history. Credit bureaus collect information and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants' credit worthiness. In the United States, there are three major credit reporting bureaus: Equifax, Experian, and TransUnion. Each of these reporting companies collects information about consumers' personal details and their bill-paying habits to create a unique credit report; although most of the information is similar, there are often slight differences between the three reports. 

Your FICO score is the one used by most Palm Beach County lenders. The FICO score is the most important. Accountable financial conduct will help you earn a good score.

Credit Score Chart & Range

760-850 Excellent

700-759 Very Good

660-699 Good

620-659 Fair

580-619 Poor

500-579 Very Poor

This site allows you to access your credit report at no cost each year, but it is your responsibility to request it.

Having a good credit score will also save you a money. The lower your credit score is, the higher your interest rate will be for borrowing money.