Understanding Credit Scores

Home buying out of reach?Sometimes it can feel like buying a home is just out of reach. One of the biggest factors that prevent home ownership is your credit score. That 3 digit number can either help you get the best rate possible or completely push home ownership out of the picture. But the mystery is how does your credit score actually work?

Well, the fine folks at SpendOnLife.com have put together this great chart to help you understand the mystery that is the credit score – click on image to enlarge.

Credit Score Chart

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About utahREpro

Chris is the managing broker for Prudential Utah Elite Real Estate in American Fork, Utah. His passions include spending time with his family, Real Estate, Social Media, traveling, reading, movies, golf, dirt biking and so much more. Chris is a graduate of the National Association of REALTORS (NAR) Leadership Academy as well as the Utah Association of REALTORS (UAR) Leadership Academy. He has served in many capacities in the real estate industry at the national, state and local levels, including: 2013 Treasurer of the Utah Association of REALTORS 2011 President of the Utah County Association of REALTORS (UCAR) 2011 REALTOR of the Year – UCAR NAR Federal Political Coordinator assigned to US Senator Mike Lee 2011 NAR Strategic Planning Committee 2010 – 2013 NAR Public Policy Coordinating Committee 2011 Dean of the LeadershipUAR Program Chris has been a licensed REALTOR in the State of Utah since 2004. He has been recognized both nationally and locally by Prudential and was inducted into their Hall of Fame in 2010.
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