Once you hit this credit score ‘you’re good,’ says credit expert—here’s how to get even better

by anastasiakaufman-chime-me

Published Wed, Jun 19 20249:00 AM EDT

By: Ryan Ermey

Photo of young woman, enjoying beautiful sunset over the city on a rooftop of her building.

Aleksandarnakic | E+ | Getty Images

In many ways, managing your money comes down to keeping track of numbers, and few figures are quite as important to your personal finances as your credit score.

For lenders, your score is a quick way to assess your creditworthiness. Those with the highest scores qualify for the most attractive rates on everything from credit cards to auto loans to mortgages. A lower score means you could pay much more in interest or not qualify for credit at all.

So what’s the ideal score, exactly? Financial institutions make it a little tricky to tell. Borrowers are rated on a scale of 300 to 850, and credit agencies generally break things down as follows:

  • Poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very good: 740 to 799
  • Exceptional: 800 to 850

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Anastasia Kaufman, GRI,ABR,SFR,CDPE,SRS

Cell: 401-338-2749

Email: Anastasia@anastasiakaufman.com

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