Excellent Credit Score Range
Where do you have to be better than a good credit score? How about in the excellent credit score range.
To start the average American consumer is somewhere around a 680 credit score. A good credit score is usually above this level. This will get you a nice rate on a loan and will help to make sure you are approved for a loan. For the best interest rates you need to be in the excellent credit score range.
You should know that scores can be as high as 850 but there is no one with a score that high. Usually the excellent credit score range is recognized being above the 720 to 730 mark. This will get you the best rates of interest on your loans.
Sometimes you will here the agrument that you don’t need to have anything in the 800+ range beacuse this will not get you any better interest rates. I think it is more a matter of accomplishment. It shows that you are one of the top consumers in the country. Actaully individuals in the excellent credit score range make up only 13% of the population.
To get here it is not an overnight thing. It takes dedication and time.
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