Suze Orman Says 760 Credit Score the New 720

In a credit help post I read this morning authored by Suze Orman, the queen of money advice said a 720 credit score simply won’t do anymore.

According to Orman, the top tier for the best credit card offers is now 760, not the previous 720 many were accustomed to.

Apparently the onset of rattled credit markets has led to efforts by creditors to raise Fico score standards (what is the average credit score), while limiting credit lines and raising APRs.

Though a 760 score may be a new threshold for creditors, a 720 credit score is still an excellent credit score and should be viewed as such (what is a good credit score).

If your score falls below 760, I wouldn’t fret much, as the difference in APR or credit offerings will likely be slight if any.

Sure it may have a larger impact when it comes to big purchases like a mortgage or an auto lease, but other qualifying factors such as income and asset verification weigh in as well.

But if you still strive to be a part of the new top credit tier, take a look at a variety of ways to raise your credit score, which is now even weaker than ever before. =)

Related Topics:

1. Denied A Credit Card Because Your Credit Score is Too High
2. The Impact of a Foreclosure on Your Credit Score
3. What is the Highest Credit Score?
4. Equifax Credit Score Card
5. What is an Excellent Credit Score?