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, is 808 a good credit score. 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 tony vela on the very best credit offers. Along with your score, you'll receive a report that uses specific information in your credit report that indicates why your score isn't even higher.

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.

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.

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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.

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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On the American Express secure site. 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. These are some of the best credit cards for borrowers with a higher credit score:. Are no risk investments really possible. You can improve your excellent credit score further by reducing your credit utilization ratio and keeping credit inquiries to a minimum. That's why we provide features like your Approval Odds and savings estimates. This might include premium rewards cards that come with more-valuable rewards and top-notch perks like travel credits, free hotel nights, airport lounge access, complimentary upgrades and elite status. This is why older generations, who have had a longer time to build credit, tend to have higher scores than younger ones. It shows lenders that you are responsible with your money and that you can be trusted to pay back what you borrow. However, with a score this high, minor fluctuations are normal and often temporary. Learn More. Late and missed payments matter a lot. Other product and company names mentioned herein are the property of their respective owners. Compare car loans on Credit Karma to explore your options. Visit americanexpress.

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But keep on mind that no single factor helps your credit score more significantly than prompt payment behavior, and few things can torpedo a near-perfect score quicker than missing a payment. Credit score range Average number of inquiries — 8 — 5 — 4 — 3 Ranges identified based on Credit Karma data. People like you with Exceptional credit scores are attractive customers to banks and credit card issuers, who typically offer borrowers like you their very best lending terms. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. Doing so can lower your credit utilization ratio, which is a major component that credit bureaus use in calculating your score. Yes, fluctuations in your credit report, such as new credit inquiries, opening or closing credit card accounts, late payments, or changes in your credit utilization, can impact your credit score. This allows you to inquire with multiple financial institutions and have your pick of the best available offers. The key to perfect scorers' success: Although they have more credit cards than average, they tend to have lower balances, according to the analysis. When you take a doorstep gold loan with indiagold, you get a loan where you only need to pay the interest amount without worrying about the principal repayment. However, borrowers with exceptional credit scores can get premium introductory APR periods and the lowest interest rates. Not necessarily. You can also figure your total utilization rate by dividing the sum of all your card balances by the sum of all their spending limits including the limits on cards with no outstanding balances. Because your score is extraordinarily good, none of those factors is likely to be a major influence, but you may be able to tweak them to get even closer to perfection. Utilization rate on revolving credit.