How Can You Get a Line of Credit With a Credit Score of 730?

Your credit score can determine a lot of your personal finance choices and a low credit score can be very limiting. Most people and business consider any credit score around or more than 700 to be quite good, though. A score of 730 is well within the good range. With a high credit score, getting a line of credit shouldn't be too hard but you still must do a little bit of preparation and legwork to get a line of credit.

Instructions

1

Gather of your financial paperwork. Even with a good credit score of 730, you'll need to verify that you have a reliable source of income, as well as that you are who you say you are. Gather several of your most recent pay stubs, several forms of ID such as a passport or driver's license, copies of recent utility bills and the last couple of years of your tax filings. Also be sure to have all of your mortgage information. Most lines of credit are tied to a house or other secured item.

2

Get quotes. Call several banks and mortgage lenders to see if they offer home equity lines of credit and what their rates are and how much they lend. You won't need to fill out an application just to get a basic quote.

3

Choose the lender that is best for you. Fill out an application. A lot of the information will come from the documents you gathered and you may need to provide these documents as well. You'll need to decide how much to apply for based on what you need and the bank thinks you can handle repaying.