What Is Considered a Good Credit Score

You know a good credit score is important, but just how important is it?

The Very Best Score
If your credit score is 700 or above, you fall into the very best credit range and deserve to be rewarded for your strong credit history. Here's what your credit score can get you:

Lower interest rates: A high credit score makes you a low risk for lenders and therefore a very valuable client. Ask for lower interest rates and more favorable terms when you're negotiating a loan and you're likely to get them.

Fee waivers: Utility companies typically require deposits to start service, but with a good credit score this fee can often be waived. If no mention of a waiver is made, be sure to ask. Often all it takes is proof that you've paid your previous utilities on time, and your credit report should offer just the proof that you need.

Affordable insurance: In some states, your insurance company is likely to check your credit score before it quotes you a premium rate for auto or homeowners insurance. Keep your credit score high and you'll receive the very best insurance premiums available.

Your dream job: Are you hoping to land the job of your dreams? If so, a good credit score could help you to get it. Some employers check credit scores to evaluate your level of responsibility.

While any employer can check your score, some professions, including those that require handling money or being around kids, are more likely to require a check.

Peace of mind: Perhaps the biggest reward that comes with a good credit score is financial peace of mind. You don't have to stress over huge interest payments or maxed-out cards because there aren't any. Instead, you can devote your time to living life.

And should anything come up, say an unexpected medical bill or the need for a new car, you can be sure that you are in the very best position to deal with it.

Get It High and Keep It High
There's no disputing the importance of a high credit score. Maintain your high score if you already have it, and work to get it if you don't. The world is full of opportunities when you put in the work to rise to the top. What are you going to do with yours?

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