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800 Credit Score: Good or Bad?
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(image: https://i.pinimg.com/originals/09/23/41/092341b27562e9ebd38dba8ce3fae560.jpg)800 Credit Score Is it good or bad?
A score of 800 is thought to be an excellent score. You'll be eligible for the highest prices on credit cards and loans.
Written by Amrita Jayakumar Writer The Washington Post Amrita Jayakumar was a former special-assignment journalist for NerdWallet. She also wrote a syndicated column on money and millennials, and focused on personal loans and consumer credit as well as debt. Prior to that, she was an editor at The Washington Post. Her work was published within The Miami Herald and USAToday. Amrita has a master's diploma of journalism at The University ofMissouri.
Updated August 18, 2022
Editor: Kathy Hinson Lead Assigning Editor Personal finance, credit scoring, managing money and debt Kathy Hinson leads the Core Personal Finance team at NerdWallet. Previously, she spent 18 years with The Oregonian in Portland in capacities such as chief of the copy desk and team editor and designer. Prior experience includes copy editing and news for many Southern California newspapers, including the Los Angeles Times. She graduated with a bachelor's in mass communications and journalism at the University of Iowa.
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An 800 credit score is in the high range of scores. Lenders use your credit score to decide if you qualify for financial products such as credit card and loans and to set your interest rate.
Just 23.3% of Americans had a score of 800 or higher in 2021, as per FICO, a credit scoring firm. FICO.
This is how your credit score could affect your financial life.
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You can get the top rates on credit cards and loans
With a credit score of 800 You can rest easy as you'll typically be eligible for the majority of financial products and receive the highest rates.
It's not the case if you're relatively new to credit, however, because the lenders want more than just a good score. The length of time you've had credit and how much debt you have in relation to your earnings is taken into consideration.
Read more about , so you know what matters most when it comes to maintaining access to the most reliable credit products.
Know how your credit is graded
See your free score and the factors that impact it, plus insights into ways to continue building.
Tips to protect your 800 credit score
You already practice excellent credit behavior, but the following guidelines will help you maintain your credit score. And they'll be of interest for those who enjoy the challenge of , the highest score for non-specialty credit scores.
Create automatic payments. A single late payment could be a 100 points from your score. If you don't have automated payments, you should consider setting them up to avoid the chance of missing the payment, which could damage your score.
Take note of . It's better for your score to limit the use of your credit limit. You can make multiple payments during a single billing cycle to ensure that your utilization stays low.
Look out for errors on your credit reports for any errors. The mistakes on your credit report are common and they may stop your score from moving higher. And, if you find any mistakes, dispute them. detect.
About the writer: Amrita Jayakumar is a former writer at NerdWallet. She has previously worked for The Washington Post and the Miami Herald.
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Know how your credit is graded
See your free score and the factors that impact it, and get tips on how to keep building.
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