Is 808 a good credit score

We think it's important for you to understand how we make money.

While achieving a perfect credit score is rare, it's not impossible. About 1. FICO scores can range anywhere from to The average score was , as of The few people who do manage to achieve perfect credit scores tend to share three key traits, according to Experian's latest analysis. The majority of people with credit scores are above the age of 57, according to Experian's report. Since lenders want to see that you've demonstrated a consistent ability to handle credit well over a long period of time, length of credit history has a big impact on your credit score.

Is 808 a good credit score

An credit score is an excellent score to have. Great work! Borrowers with an exceptional credit score can typically qualify for any loan or credit card and receive the best rates. Overview of Your Credit Rating. An credit score is considered an excellent credit score by most credit score models. While you can still improve your score, it's nearly perfect! Borrowing Options With an Credit Score. Borrowers with excellent credit may easily get approval for unsecured and secured loans. Scores this high can generally expect to get the lowest rates and highest loan amounts on installment loans. You can improve your excellent credit score further by reducing your credit utilization ratio and keeping credit inquiries to a minimum. An credit score is exceptional, which is even better than a good credit score. According to FICO, the average credit score is Borrowers with exceptional credit scores can save a lot of money from low rates, insurance discounts, and lower security deposits.

The offers on the site do not represent all available financial services, companies, or products.

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. This three digit number between to is calculated based on the information in your credit report. Whenever you apply for a line of credit, a lender will take a look at your credit score to decide whether to extend a loan to you and determine what terms are appropriate.

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.

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. As with any score, maintaining or even enhancing this top-tier status requires ongoing conscientiousness. Regularly monitor your transactions for any inaccuracies, keep your credit card balance low, and consistently pay your bills on time. Remember, even with a high score, sudden financial missteps can have an impact, so ongoing vigilance is key to preserving your excellent rating. With a credit score of , there is a very high probability of securing approval for a mortgage.

Marcus aurelius meditations near me

Not necessarily. Skip Navigation. Borrowers with excellent credit scores can usually get the lowest interest rates available. An auto loan can help consumers get the money they need to purchase new or used vehicles. 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. All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. When public records appear on your credit report they can have severe negative impacts on your credit score. By opting in for automatic payments, your monthly payment amount is automatically deducted from your preferred payment method. Your record of on-time bill payment, and prudent handling of debt is essentially flawless. While maintained for your information, archived posts may not reflect current Experian policy. See rates and fees , terms apply.

.

The key to perfect scorers' success: Although they have more credit cards than average, they tend to have lower balances, according to the analysis. While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty. Is an Credit Score Good? Find the right savings account for you. Once you click apply you will be directed to the issuer or partner's website where you may review the terms and conditions of the offer before applying. See rates and fees , terms apply. But if your credit score is below , then every point counts. Credit Cards. Consider a credit-builder gold loan. This commission may impact how and where certain products appear on this site including, for example, the order in which they appear. An Score is nearing perfection.