I have 770 credit score. Is it too low or okay?
A credit score of 770 is really good. It puts you well above the average borrower and shows banks that you are a responsible user of credit.
Once you cross 750, you can get credits much easier, including quicker approval, lower interest rates and access to better credit card options.
When my score reached 770, I noticed how smooth loan applications became. This kind of score usually comes from paying bills on time, using credit wisely and avoiding too much credit card debt.
This is a solid place to be if you are planning for a home loan, car loan or even looking to apply for premium credit cards.
Here are some common perks you can enjoy with this credit score:
- Banks are more likely to raise your credit limits.
- You will often get faster approvals with minimal documentation.
- Premium credit cards and exclusive deals become easier to qualify for.
- Loans usually come with better interest rates than the average borrower gets.
Even with a strong score like this, you should be mindful about using your existing credits, as the score can easily drop for irresponsible use.
But don’t you worry! Just keep paying bills before the due date and use less than 30% of your total credit limit.