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There is one bottom line common to most people which is the credit score. The credit score, which through a set of calculations, past records and payment history decides what, is the creditworthiness of a person. This score then determines how good you are in the market where borrowing and lending goes on incessantly, be it through credit cards, personal loans, auto loans, insurance, payday loans, secured or unsecured loans. Those with a high credit are pampered by credit card companies with reward offers and low interest rates. What does it then mean for a person to have a fair credit score?

Although there is no fixed range, those who are between 630 and 680 are said to be in the fair credit range. In other words they are the 50 to 50 people. Some lenders lend them money at high interest rates while some others choose to altogether ignore them. Sure, if one has a fixed plan and implementation procedure, the credit score can be improved, the best option is to first start with a decent credit card without falling for the trap of no credit check loans and balance transfer credit cards, which are all but few months away from making you bankrupt, if you miss the payments a few times over.

Fair credit rules are in place exactly for the same purpose that a person has the opportunity to rectify his or her credit score if it hasn't already been done. Your credit score can be viewed by people with whom you apply for a loan, credit card or insurance. As per the fair credit reporting rules, if they reject your application, you will at least have a chance to find out which part of your credit history did you in.

The credit bureaus which collect all your information about the applications, loans, insurances, monthly payments etc. are liable to provide you the report if you want to view it yourself. The regulations also give you the chance to sue data providers and the credit bureau for damages due to incorrect credit records. Also, you can use the credit report to your benefit, by building your credit history keeping certain things in mind. The main problem with getting stuck in a fair credit range is that if you are unsure and apply for a loan or a credit card, and your application gets rejected your credit score goes further down.