What is Good Credit?

By: Chayo E.R. Briggs

As a highly successful Real Estate Investor for the last seventeen years, Chayo Briggs is the President of Briggs & Lay Pro Incorporated. Besides the multitude of real estate services Briggs is an effective motivational speaker and published author.

Chayo originally sought to study linguistics (scientific study of language and its structure) and join Peace Corps. The travel offered him the opportunity to visit a large variety of countries. The individual missions brought a positive can-do drive when he greeted new students. Briggs experienced various levels of human culture elevating him to expert status and skill to help people overcome their credit creditably issues.
The key to his success lies in life experience, by developing exceptional skills to create passive income Chayo can assist his clients in procuring their prosperous future; breaking the chains of financial distress.
Credit scores are used by lenders, including banks providing mortgage loans, credit card companies, and even car dealerships financing auto purchases, to make decisions about whether to offer your credit (such as a credit card or loan) and what the terms of the offer (such as the interest rate or down payment). There are many different types of credit scores. FICO® Scores and scores by VantageScore are two of the most common, but industry-specific scores also exist.

Scores are normally between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is excellent. Most credit scores fall between 600 and 750. Higher scores represent better credit decisions and can make creditors more confident that you will repay your future debts as agreed.
Credit scores matter to lenders because they give a quick estimate for the risk of a given loan. People with good credit scores are more likely to repay their obligations than those with bad ones. For this same reason, lenders will make loans to people with lower credit scores more expensive. Since the financial institution is taking on a greater risk by extending a loan to such an individual, they need to be compensated appropriately.
One initial step toward fixing your credit score is correcting any errors right away. Five percent of consumers had an error on their report from three credit bureaus. These errors can include anything from account mistakes with the same name, to identity theft, or closed accounts still report open. Request free copies of your complete report from the three major credit bureaus on the federally authorized site annualcreditreport.com. Review them carefully, looking for items that aren’t yours, balances that have been paid, items that have been reported multiple times, and other mistakes. Dispute any mistakes that you find. While this isn’t most people’s idea of a fun afternoon, it is something you should do quarterly.

Chayo Briggs Website
Briggs and Lay Pro Big Beautiful Women
Email: Chayote23@briggsandlayproinc.com
Office: (800) 216-8871
Cell: (760) 912-3472

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