Credit Card Questions


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » FAQs » Other Questions » I have 700+ score from two bureaus and 590 from the other one. So do i have good or bad credit?...

I have 700+ score from two bureaus and 590 from the other one. So do i have good or bad credit? Should i apply for a good card or not?

Date: February 18, 2008, 3:08 am
The credit score is a three-digit number, that is crucial as it helps the lenders to decide whether you qualify for the chosen card or not. This score is calculated by the three bureaus - Experian, Equifax and TransUnion. In theory, all lenders and issuers must report to all three bureaus about all items in your credit history. In practice however the situation may differ. That's why it is extremely important to request your reports from all three bureaus and check them for any omissions or inaccuracies. Otherwise, the scores in time may vary significantly, as it has happened in your case. You highest scores are above 700 that is considered good. However the third score (590) fall into the "bad" category. You see, the lenders generally tend to look at the lowest score, not at the highest one. That's why even your two scores are good you may be eligible only for bad credit offers. To resolve this situation you should request your reports, check them, and correct all mistakes or omissions. In future try to keep you scores equal or at least on the same level.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Didn't get an answer to your question?
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!