Answer: -Your score indicates your fiscal responsibility based on your history. Your score means you have used credit before and paid your debts as agreed and done it over many years. Since you are a responsible borrower you will get the best rates on loans. You will be approved for a loan up to about 28% of your income. Being a responsible borrower you will be able to decide what you can truly afford. They don't care if you borrow so much that you need to work two jobs and take in roommates because you are putting kids through private colleges and taking care of elderly parents, they just care if you fit in the profile. Your credit score indicated you think before you borrow. -The average credit score is closer to 650, so you're doing OK. But that credit score is actually an irrelevant indicator of your financial situation. What really matters is... 1. How much money do you have in the bank for emergencies? If you lost your job this month could you survive next 3-6 months?2. How much debt are you in? If you're up to your eyeballs it doesn't matter what the credit score is or even if you pay on time... you're in trouble.3. What's your retirement plan? Are you going to be working at age 70? Will your house be paid off? What if Social Security goes bankrupt?So, yeah, credit score is nice... but nowhere close to relevant in reality. -It means you have good to excellent credit, you should be able to apply for a credit card with a credit line starting out at 10k or more. With that score you and your wife can purchase a nice home ect. But be aware, don't get in over your heads, cause if you do, you are going to be hit. Apply for a American Express card, and take my advice, use it wisely, and for emergencies only. But before you apply, see what your other credit scores is for your equifax, and experian. A lot of people don't realize this, but, each credit bueru has its own scoring criterior. a for example, a score of 609 is considered fair for equifax, as to that same score is considered poor for transunion, and experian. 650 to 659 might be considered good credit for transunion, as to it might be considered fair for experian, and good for equifax. So it varies. But note if you want to apply for a American Express card, they do go through experian credit bueru. So if you have a credit score of 650 to 700 at least, you are good to go.