What Is a Good Credit Score in 2023?

What is it?

[{"selector":"#anim-ba71767b-5438-4524-bcaa-b2b47db1e9e6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2fe3425c-60e2-4711-92ad-1543f0271a44","keyframes":{"transform":["translate3d(-113.17204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99ef9409-00c4-4a7f-8b3b-cfd20d9824de","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cb3989a0-d659-4873-9c18-fc3285708aa2","keyframes":{"transform":["translate3d(-114.40922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A credit score is a number ranging from 300 to 850 used by lenders to determine the likelihood of loan repayment. Learn more

Impact Factor

[{"selector":"#anim-e9504d9d-80fc-4d3e-a399-4c1617446393","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-222c40b2-29a5-460c-bb7b-0bae01a4494b","keyframes":{"transform":["translate3d(-112.90323%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-31f02254-8270-43aa-bc03-11045e4ffee8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0006404-fb24-4e13-a404-764302101f0b","keyframes":{"transform":["translate3d(-113.54467%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Several factors can impact a credit score including: paying bills on time, amount of debt, credit card usage, and loan applications. Learn more

Factors Ignored

[{"selector":"#anim-9408298e-1a9d-4298-9c8c-8c4c2d0da7b5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c2900eb-bb3f-4872-ba40-47628ddc7ea6","keyframes":{"transform":["translate3d(-112.90323%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-665e10be-3f23-42d0-97bf-1ab12c795ca5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e33e292c-bf8c-49e0-9915-79e5e87c4039","keyframes":{"transform":["translate3d(-113.54467%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Age, race, religion, nationality, gender, marital status, salary, and occupation do not impact credit score. Learn more

Obtaining Score

[{"selector":"#anim-2cd9ada3-4ba8-4185-a367-95731cceb424","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0721abc-dba0-43d3-af01-4fe672bd4883","keyframes":{"transform":["translate3d(-112.90323%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-124dbdd8-5d8c-4280-a008-e8c3df0dd698","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a2da40a-e4d4-4202-8ee8-6a84f41daf29","keyframes":{"transform":["translate3d(-113.54467%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Credit scores can be obtained through credit bureaus or various online options. Learn more

Importance of Good Score

[{"selector":"#anim-c4aaf6e4-665e-4140-b048-400d337ff5d2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b13d918-b3bb-425b-8e63-67c1377bc68b","keyframes":{"transform":["translate3d(-112.90323%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26521ed5-ab77-4413-8eab-114337519260","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b6e8d2c-27ba-4b71-93fe-542dd5e39323","keyframes":{"transform":["translate3d(-113.54467%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Good credit scores can result in higher loan amounts, lower interest rates, and lower fees on loans. Learn more

Good Credit Score - FICO

[{"selector":"#anim-fbdd18f0-0301-4aaf-8668-fdd84cf49ff0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca4d2754-b924-45a8-9bd1-34d251e878e0","keyframes":{"transform":["translate3d(-112.90323%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e6983ec-2f81-4d5a-9fb5-e5e6bc8b843b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-071d63e9-eaea-4fe6-a9f6-16f6da57991e","keyframes":{"transform":["translate3d(-113.54467%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A good FICO credit score is between 670 and 739, while a good VantageScore is between 700 and 749. Learn more

Good Credit Score - VantageScore

[{"selector":"#anim-91784ca5-70d5-475d-9bf8-5000fc8be8c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ab2ddf8-3529-4290-8cc9-0d304fbc5d86","keyframes":{"transform":["translate3d(-112.90323%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afea29ef-8f18-4a85-b947-20389e27c22a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-69ba4ecf-bbc9-4519-ace6-4432f19c39df","keyframes":{"transform":["translate3d(-114.37309%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] To improve credit scores, focus on factors considered by FICO and VantageScore and make on-time payments, reduce debt, and limit credit and loan applications. Learn more

Tips for Enhancing Work-Life Balance

FOR MORE

MONEY Travel lifestyle blogging Learn more