A good credit score on a scale of 300 to 850 sits around the range of 670 to 719. It’s a great indication to let you know whether or not you have a good credit score according to FICO and VantageScore. Anything about the score of 719 deems to be an excellent credit score. Although these numbers are good for reference, what determines your credit score to be good is solely based on the lender you go to. Each lender operates a little differently where they have a certain credit score that is seen as good in their eyes. So for example, if you go to one bank they may require a 650 credit score versus bank number two that once 700 is a good credit score.

If you’re in a position where you have a good credit score when applying for any credit accounts or loans you’re more than likely have everything easy and are extraneous to you and your financial commitments. So let’s take a look at what you got what’s a good credit score.

What Do You Get with a Good Credit Score?

A good credit score is good for many reasons, you can get almost anything you want when you go to the bank for a loan. Having a good credit score is significant because it essentially determines what you can get as a loan or a credit account. Having a better credit score than most often puts you in a position where you get maximum benefits on your loans with very minimal interest.

Example what’s a good credit score, you can get the house mortgage at your Desiring or you in the auto loan. You are also entitled to an unsecured loan where you pay minimum interest charges. These things are very hard to get with a bad credit score simply because you are haven’t built yourself to be reputable when paying back debt.

There are the things that a good credit score can give you benefits for, for example in certain States they offer discounts on your auto insurance if you have a higher credit score. Sometimes even when you’re applying for jobs your employer may ask you for your credit score to determine how well you handle Money.

It may seem like a lot, but this is just a little bit of what a good credit score can get you. Maintain a proper balance and upkeep your payments and follow the factors that come into your credit score. By just doing these simple steps you’ll maintain a good credit score no matter what.

How to Get a Good Credit Score?

You may be in the position where your credit score is on the brink I’ll be coming well into the lenders eyes. So you may want to ask yourself how exactly you get a good credit score. Well here are a few things that you can do to make sure that you maintain or even achieve that credit score you desire.

Pay bills.  When we look at all of the factors that come together to make your credit score your payment history is that the number one spot with a 35% weight. As long as you maintain paying your bills on time and making sure that they don’t roll over, you’ll maintain a positive result and it’ll ultimately increase your credit score.

Sometimes there are situations we are unable to make payments on your bills. So what do you do? Will the simple thing is just to make the minimum payment to ensure that you’re paying something towards credit. As long as you show that you’re making the initiative to pay off the balance that’s what matters. Acquitted for this is just to set up pre-authorized payment so you don’t have to worry about it.

Don’t Use Credit Often. Yes, Credit can be a good thing and a bad thing, but in this case, if you don’t need it don’t use it. Credit utilization accounts for 30% of your credit score, so if you’re looking to use credit use it sparingly simply because you don’t want to overextend your limits on your credit. The rule of thumb is to only use a maximum of 30% of your limit anything above that can negatively affect your score.

Balances. Maintain positive balances in your credit accounts. One thing many people do who have such high credit scores is they pay off their balances in full every month. And if they can’t do that, they make sure that their credit balance is fairly low so that way the credit utilization Factor doesn’t weigh heavily on your credit score.

Credit Report.  One of the last things that we recommend checks your credit report as often as you can. That way you can see the accuracy of your credit report and in case there are negative items on there you can call and dispute them off. If there is any discrepancy on your credit report it can actually negatively affect you, and that may not be your fault at all. So what rule of thumb is to call this number to see if you can dispute any negative items off your credit report and hopes to increase your credit score.