Is 700 A Good prestige Score?

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 So you have contacted one of the "big three" credit bureaus (Experian, TransUnion, or Equifax) and received a free copy of your credit report. As you are looking over this information, your eye catches a estimate which seems to stand out from the page. You stop to survey the text explaining the number, and you find out that this is your credit score. You can't help but wonder if your 700 credit score of is a good or bad.

But is it Good Enough?

Credit Score

As far as the ranges of these scores go, the higher the better. A high score means both your credit rating and your credit worthiness is in pretty good shape. So, a score of 700 is pretty good when you look at the big credit picture. A score of 800 or more is determined just about perfect, so you will be looked upon fairly favorably when lenders are choosing whether or not you are a good risk. But, if your score is considerably below 800, do consider that a score in the mid 700s or higher is determined the best risk.  So, you might just want to work on improving your score a little in order to get the best interest rates you possibly can.

Is 700 A Good prestige Score?

What's the Best Way to improve My Score?

It's easy to improve your credit score. Try these easy steps, and watch that score shoot upwards!

Make sure you pay your bills on time. This is possibly the most important tip for a best score. Make sure you have at least one credit card, or at the very least, some sort of installment loan. A someone with no credit at all cannot expect to have much of a score. Don't have any credit cards that you have not activated, but have possibly slipped into a dresser drawer for an emergency. This is determined a dormant account, and can affect your score negatively. Don't have more credit cards than you nothing else but need. Too many open accounts, even when they are in good standing, will not help your score, it could nothing else but hurt it. Don't open more than one separate credit card list at a time. This will cause complicated credit inquiries, which will lower the score. If you see that you are going to be late with a credit card payment, go ahead and touch the creditor. Believe it or not, they will work with you, and your cost won't be reported as delinquent. Keep an eye on your credit article and make sure all the information in it is accurate.
Remember that you will probably have a slightly dissimilar score for each individual credit bureau. So, that score of 700 from Experian might turn out to be a score of 670 at TransUnion. Why is this? Some lenders only article to one, maybe two of the three big credit bureaus. The only way to know for sure if this affects your score is to get a credit article from each of the three, then assess them.

When is 700 a good credit score? Always, but do understand that if you choose to do so, you can nothing else but improve your score.

Is 700 A Good prestige Score?