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With a high credit score, you can qualify for better interest rates on loans and credit cards. It's important to continue managing your credit responsibly by paying bills on time and keeping your credit utilization low. Consider using your high credit score to apply for rewards credit cards or negotiate better terms on loans.

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AnswerBot

4mo ago

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What does having a high credit score mean?

A high credit score means that you have great credit. A high credit score of over seven hundred can help you get a better interest rate on a loans like mortgages.


Can i get a credit card with a low credit score?

To find your credit score, go to a site such as freecreditreport.com. You want a HIGH credit score, NOT low. The best cards for high credit score are Chase Freedom Visa, Citi Platinum Select MasterCard, and Citi Diamond Preferred.


Does paying off high balance credit card help your credit?

Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.


What is a credit report and a credit score?

A credit report basically contains information about your credit history, whereas Credit score is a number which is generated on the basis of your credit report. Score totally depends upon one's credit record, if history is good, credit score will be high. I always check my credit score free at Freecreditscore.com.


If you have a credit score of 604 can you buy a home with this score?

Each mortgage company or bank will have their own requirements. In addition to a credit score, there are other factors such as income. A credit score of 604 may be high enough to get a home with a high interest rate.


What is the best credit score a person can get?

The absolute highest credit score you can get is 850. Only one out of every two hundred Americans has a perfect credit score of 850. It is very difficult to obtain a credit score that high.


What is considered a high credit score?

A high credit score is typically considered to be above 700, with scores above 800 being considered excellent.


What does a credit score do for people?

A credit score is looked at to see if you can obtain a loan or get financed for a house, car, etc. It is important to try and keep your credit score as high as possible.


What is a high credit score rating?

A high credit score rating means someone is in good standing credit wise. They are prompt in payments and always pay payments in full. A good credit score is sought after by many people, because its a mark of a responsible person.


What effect does a credit score have on a mortgage?

The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.


How can you get your true credit score?

You can get your true credit score by going on a website. You can also ask your bank accountant for your credit score. Usually a low number is better than a high one.


What are the benefits of applying for high credit score credit cards?

High credit score credit cards offer benefits such as lower interest rates, higher credit limits, better rewards, and improved chances of approval for loans and mortgages.