Saturday, November 22, 2008 | 4:35 a.m.

What About Credit Scores?

by Edith Lank

Dear Edith: During the current mortgage crisis, I see many credit score numbers bounced around between say 550 and 650. That's doesn't mean a thing to me. I wonder if you could provide a few numbers and tell me what they mean. — P.B.

Answer: To help analyze your financial situation, mortgage lenders these days rely on a score that's based on your credit record.

A score of 800 is considered just about perfect. More than half of us score 700 or better. The 600s are consider ...

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Saturday, November 22, 2008 | 4:35 a.m.
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