Is 808 a good credit score

It's nearly as good as credit scores can get, but you still may be able to improve it a bit. More importantly, your score is on the low end of the Exceptional range and fairly close to the Very Good credit score range A Very Good score is hardly cause for alarm, but staying in the Exceptional range can mean better chances of approval on the very best credit offers. Along with your score, is 808 a good credit score, you'll receive a report that uses specific information in your credit report that indicates why your score isn't even higher.

Call to Select readers: Have you found a mistake on your credit report that's affected your credit score or not been able to get a credit card or secure a loan because of a poor credit score? Reach out to trina. Terms apply to American Express benefits and offers. Visit americanexpress. Lenders use credit scores to determine a borrower's creditworthiness, or the likelihood they will be able to pay back their loan on time and in full.

Is 808 a good credit score

We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform and in what order. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. Lenders use this three-digit indicator, which is calculated from all the information collected in your credit reports, to gauge how likely they think you may be to default on your loans — and the higher the score, the better you look to a lender. A credit score can be an important factor when you apply for credit, yes. But you actually have multiple credit scores from different sources, each one drawing on data from your various credit reports with the major consumer credit bureaus Equifax, Experian and TransUnion.

How To Maintain Your Credit Score Having an credit score allows you to receive a lot of benefits and save more money. Learn more about your credit score An credit score is Exceptional. Is considered a bad credit score?

Your score falls within the range of scores, from to , that is considered excellent. An Score is nearing perfection. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to Consider a credit-builder gold loan. Gold loans can help build borrowers' credit profiles, by demonstrating the ability to make regular monthly payments.

The FICO score range , which ranges from to , is widely used by lenders and financial institutions as a measure of creditworthiness. As you can see below, an credit score is considered Exceptional. For context, the average credit score in America is Borrowers with credit scores in the Exceptional range tend to be the most appealing to lenders. With a credit score of , you should focus on maintaining your credit status to ensure that you continue to receive the best interest rates and loan terms available. Credit card applicants with a credit score in this range should have no issues getting approved for any credit card they want. Most personal loan lenders will approve you for a loan with an credit score. In fact, you will likely qualify for the best loan rates available.

Is 808 a good credit score

With a score of , your credit rating falls into the 'excellent' category, which is indicative of a solid grasp on financial responsibility. This healthy score puts you in a favorable position to access lower interest rates on loans, higher credit card limits, and may also be beneficial when renting property or applying for certain jobs. Mortgage lenders, credit card companies, landlords, and employers recognize such a score as a sign of reliability when it comes to managing finances and meeting obligations.

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But remember that opening new credit accounts can decrease your score by as much as 10 points. Another way to demonstrate your experience using credit is by showing lenders that you can juggle different types of credit. These are some of the best credit cards for borrowers with a higher credit score:. Having excellent credit is one of the first steps to getting a great mortgage rate. Bank Loans A traditional bank loan typically offers high loan amounts with decent rates. Want to earn more and work less? Although having a perfect credit score may earn you bragging rights, it doesn't come with many additional benefits. Pay Bills On Time Paying your loans and credit accounts on time each month can help you maintain your excellent credit history. Credit score range Average number of inquiries — 8 — 5 — 4 — 3 Ranges identified based on Credit Karma data. A low annual percentage rate APR can help you save a significant amount of money, especially on installment loans with extended repayment periods. Save and Invest How much money Americans have in their savings accounts.

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Personal loans provide small to large lump sums that borrowers repay monthly over the course of a few months or years. Having a good credit score can end up saving you hundreds or even thousands of dollars since it also determines the interest rate you'll get on a mortgage or the APR you'll have on a new credit card. Additional care and attention can help you keep hang on to it. Limit New Credit Inquiries You may feel inclined to take advantage of your excellent credit and apply for the best loan and credit card deals. Applying for a new credit card or loan typically results in a hard inquiry, which can have a negative effect on your scores. The use of any other trade name, copyright, or trademark is for identification and reference purposes only and does not imply any association with the copyright or trademark holder of their product or brand. Is your credit score accurate? Get your free credit report from Experian and check your credit score to better understand why it's so good, and how to keep it that way. An credit score is exceptional, which is even better than a good credit score. An auto loan can help consumers get the money they need to purchase new or used vehicles. Credit experts agree that the best way to improve your credit score is to reduce your debt, which is easier said than done.