If you have ever wondered how your credit score stacks up against the average, you will want to read this article.  Specifically, we will be discussing what is a good credit score, what the average credit score in America is and simple strategies you can implement to raise your score quickly.  After reading this article, you should have a good idea as to how your score measures up and know what you need to do should your score need some help.

What is a Good Credit Score?

With credit guidelines tightening, having a good credit score is more important than ever.  But just what classifies as a good credit score?

While once anything over a 680 qualified you for “A” paper rates, that number is now closer to 720.  Anything below this will limit your options and subject you to higher interest rates.

What Is the Average Credit Score in America?

According to a recent study by Experian, the average credit score in the United States is a 680.

How Can I Fix Bad Credit Fast?

• Pay Off Debt

Paying of revolving debt is one of the fastest ways to improve credit.  This is because how much credit you are using accounts for 30% of your overall credit score.  To have the best possible score, you want to owe no more than 25% of your available credit on each individual account.

• Dispute Derogatory and Inaccurate Credit

The single biggest factor that impacts your credit score is your payment history.  Because this accounts for 35% of your overall score, cleaning up your credit report is critical.  Under the Fair Credit Reporting Act, any account that the creditor cannot prove is being reported accurately must be removed from your file.  Things to look for are accounts showing as past due, credit limits that are reporting too low and collection accounts.  Clearing up these items and improve your credit score quickly.

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