The credit score means almost nothing if it is based on a single low point credit card and banks know this. A weak credit report with a high score might get an automated pre approval for…another credit card but a real credit report that includes lots of secured and unsecured credit paid on time or paid off going back years is what’s needed to have a high credit score that actually means something.
In other words some guy with a 725 credit score based on a couple of $5000 credit limit credit cards is better than the same guy who defaulted on his low limit credit cards but neither one has good credit compared to someone with a dozen high limit credit cards, some paid off leases and auto loans and a bunch of real estate loans paid off or paid on time even if the guy with actual credit has a lower score.
Also, the early 2000s are over and credit score alone won’t get you a real estate loan. More important is verifiable income.
Credit score is just the beginning of credit strength. Depth and level of credit round out the equation.
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