Good Credit Score


A good credit score is one that falls between 680 and 720 on the FICO scale.

While it may be your goal to reach 720, as this is where excellent credit territory begins, a good rating is nothing to look down upon.

With a good credit score, lenders understand that you have a stable history, pay your bills on time, and keep your debt load within a reasonable range.

Plenty of Credit Options

Even if your goal is to have an excellent credit score, a good rating puts you in position to take advantage of many credit options.

For example, if you’re applying for a personal loan, your interest rate may be a point or two higher than someone with excellent credit (but not always). Lenders realize you’re a safe risk and are willing to reward you with a lower rate.


Find a Loan with a Low Rate

One of the biggest benefits of a good credit score is the ability to secure a loan with a low rate. In short, this means you pay less interest every month, as well as over the course of your loan.

With our help, you can find a personal loan with a competitive rate, all without any concerns about the reputation of the lender or lending partner.

With a good or excellent credit score, you have more options in regards to who you do business with. This isn’t to say that consumers with average or bad credit are out of luck, but they may not have as many options.


How to Increase Your Credit Score

What’s your credit score? If you don’t know the answer, it’s time to figure it out.

You don’t want to be happy with a good credit score. Instead, implement a strategy for reaching the next level.

Here are some things you can do to eventually reach your goal of having an excellent credit score :

  • Be mindful of paying your bills in full and on time
  • Don’t take on too much debt
  • Don’t apply for too many loans in a short period of time
  • Pay down your debt as quickly as possible
  • Review your credit report for errors

If you already have a good credit score it’s safe to assume that you are financially responsible. For this reason, all you have to do is stay the course and let your score naturally increase over time.

A good credit score is something to be proud of. With this, you have access to a variety of loan products at competitive interest rates. Not to mention the fact that you’re within striking distance of earning an excellent credit score.

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