The main point to remember here is that the credit score determines an individual consumer’s credit worthiness as seen in the eyes of the three main credit score companies or bureaus as they are sometimes called. The score is based on a combination of a consumer’s current credit situation and their previous credit history with many additional mitigating factors.

The three main credit bureaus are Trans Union, Equifax and Experian. Don’t be alarmed by this because although each credit bureau has their own method for determining your credit score the numbers remain standardized across all three companies.

So what exactly constitutes a good credit score? As previously mentioned your credit score is influenced by a variety of factors such as outstanding debt, your credit history, the types of credit you current have or use and your payment history. However generally speaking a credit score higher then 650 has the potential to be considered good credit in most cases. The national average for the FICO credit score varies.

What Is A Good Credit Score?

If you think your credit report would not be questioned by a landlord, you’re mistaken. Apartment owners often check on an individual’s credit report before accepting him as tenant.Does bad credit mean you can’t rent an apartment? The letter should state why your credit history has been tainted. A Good Credit Score is 700 ; Above.