Is 801 a good credit score?
When my credit score became 801, it was a game-changer for me. This score directly indicates that you are a super low-risk borrower. This can open the door to some of the best financial deals out there.
These are some of the key benefits you can enjoy when your credit score crosses the 800 mark:
- Super Fast Loan Approvals: Banks will not hesitate to give you a loan or credit card.
- Competitive Interest Rates: Always among the lowest, whether it is for a mortgage, car loan, or even a new credit card.
- High Credit Limits: You can expect much higher credit limits on your credit cards, as lenders always like low-risk borrowers.
The 801 credit score is not just about showing off, you can consider this as a peace of mind. I do not have to worry about getting approved for things, and I know I’m saving a lot over time just in interest alone.
Want to know the best tricks to improve your score? Pay your bills on time, spend only the amount you can easily repay, do not make too many credit enquiries at once, etc.
Finally, I will suggest you check your credit score every month to see how it is changing. Do not worry, this check will be a soft enquiry and will not affect the score.