You Have A Good Credit Score – Now What?

So you have a good credit score in the credit score range.  Now what?  What can you do with it?  How does it benefit you?  Why should you maintain it?  All of these are valid questions, and ones that come with finally reaching the credit score goals you set out to achieve.  Sometimes, customers of ScoreSense cancel account subscriptions because they think they have nothing more to gain, but this is a fallacy.  Once you have achieved a high credit score, you have to make sure that you don’t become the victim of identity theft, credit card fraud, or incorrect information on your credit reports.  ScoreSense can help you monitor all of these things, so cancelling your subscription could be counterproductive.

You say you have a good credit score?  Now what is a good credit score? Any score above 700 is generally considered to be an great credit score.  So what’s a good credit score?  Obviously, the higher the better, but it generally should  be at least 660.

You have a good credit score, now what can you do with it? What’s a good credit score worth to you financially? For starters, it will ensure that you get competitive interest rates when you apply for a loan.  You could save thousands to tens of thousands of dollars in interest charges with a good credit score.

There are other advantages for you if you have a good credit score now.  What are they?  You can get utility service with probably little or no deposit required.  Unlike those who have lower credit scores, you will not be turned down for a job based on your credit score if you are in the good credit score range or above.  Also, you will be able to get insurance at reasonable premiums compared to the outrageous premiums some consumers who have bad credit must pay.  Again, it’s all about saving you money.

If you have a good credit score now, what can you do to ensure it stays that way?  First and foremost, continue doing what you’re doing.  If you have good credit scores now, the last thing you want to do is jeopardize that standing.  That means continuing to pay bills on time and keeping the amount of credit debt low compared to your credit limits. Even more importantly, it means continuing to review your credit reports regularly for signs of errors or omissions that could negatively affect your credit. Signing up with a credit monitoring service like ScoreSense can help you watch for signs of identity theft or credit fraud in your name and stop it before it can have further impact on your credit score.

Credit Score Range

810 – 850 = EXCELLENT

810 – 820 – 830 – 840 – 850

750 – 809 = GREAT

750 – 760 – 770 – 780 – 790 – 800

670 – 749 = GOOD

670 – 680 – 690 – 700 – 710 – 720 – 730 – 740

560 – 669 = FAIR

560 – 570 – 580 – 590 – 600 – 610 – 620 – 630 – 640 – 650 – 660

500 – 559 = POOR

500505510515520525530535540545550 – 555 – 559

300 – 499 = VERY POOR