What Determines Your Credit Score? (Video)

 

Report cards don't stop once you graduate.  As an adult you get a new kind of report card–a credit report.

In this video, we go over why it's important to have a good credit score as well as how your actions affect your score.

 

Here's a breakdown of how banks view various credit scores:

  • Excellent Credit: 750+
  • Good Credit: 700-749
  • Fair Credit: 650-699
  • Poor Credit: 600-649
  • Bad Credit: below 600

For all of you newcomers who are just joining us, this video is part of a series called #BrokeUniversity where we break down the most important personal finance basics in 90 second videos.

Did you miss the first seven #BrokeUniversity classes? Check them out!

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Author Headshot

Dani is the Founder & CEO of Invibed.  Prior to founding Invibed, Dani was an Investment Specialist at J.P.Morgan, where she managed assets for ultra high net worth individuals ($25MM+).  She holds a M.S. in Journalism from Columbia University and previously worked at CNBC on the show Mad Money with Jim Cramer. Dani is fluent in sarcasm and has a deep appreciation for dance parties and all things neon.

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