Is it a good thing to have a credit score of 800?

According to financial specialists, if you’re an 800 credit score holder, you can actually congratulate yourself. There are two scoring models that you should refer to when monitoring your credit score - FICO and VantageScore. Both of them rank the score of 800 as excellent.

What are the benefits of having an 800 credit score?

With an impressive credit score of eight hundred, you are positioning yourself as a reliable and trustworthy consumer. Since a credit report is tightly connected to a credit score, you can count on most of the benefits offered by banks and other financial establishments:

• Higher credit limits on your bank card and enhanced purchasing possibilities;

• Lower interest rates in case you want to take a house loan, a medical loan for an urgent surgery, or any other kind of long-term loan;

• Attractive terms on many credit products since lenders have proof of your creditworthiness. 

Make sure to monitor possible mistakes on your credit report that can cause your score to go down. If you notice an error that harms your financial image, our team of professionals can help you dispute errors on your credit reports. If you have an issue, contact us for support.

Read the full version of the original article here: https://consumerattorneys.com/article/is-an-800-credit-score-good-or-bad

Also your can read more about:

• Why Your Credit Score Isn’t Actually Yours and Other Lies Consumer Reporting Companies Tell

• How an Equifax Coding Blunder Led to Millions of Incorrect Credit Scores Issued to Lenders

• Do Library Fines Impact Your Credit Score?