What Does It Mean When Your Credit Score Is More Than 800?
FICO credit scores can range from as low as 300 to as high as 850. That said, for people who always pay their monthly bills and manage their debts wisely, getting a credit score of 800 or better is just a matter of time.
But what does a 800 credit score actually mean when it comes to loans, credit cards, or your credit limits? Here's the rundown.
To have a credit score over 800, it means that you have probably always paid your accounts on time in the last seven years, the point where some information is no longer taken into consideration when calculating your score. Getting a score above 800 puts you in rather elite company, enabling you to qualify for the best terms on loans and secure the best interest rates.
Source: Fool.com
