How to get an 800+ credit score?

My credit score is in the 700s, which is really decent, but I would like to raise it because my credit history is still fairly recent. Are there any other ways to raise my score? I understand that creating history just takes time. Though I am not sure if they are worthwhile, I have been considering Credit Building Loans to assist diversify my credit as I currently only have cards. Thanks in advance!

2 Likes

I understand that a score of 750 is excellent for mortgages and vehicle loans. The best course of action is to pay your bills on schedule, maintain a modest use rate, and exercise patience while the credit lengthens. If there are no negative indicators, it ought to rise gradually over time.

1 Like

You’re right on track! A 700 credit score is already pretty good, but I hear you – aiming for an 800 is ambitious. To climb higher, focus on never missing payments and keeping credit card balances low. Credit builder loans can help but be mindful of fees. Secured credit cards might be a better option for building history. Patience and smart credit management are key!

1 Like

Normally, a score of 750 is perfect for mortgages and vehicle loans which most of us desire to get there because currently like me I am at 600.
To increase your score to 800, just pay your bills on schedule, maintain a modest use rate, and be patient while the credit lengthens.

To keep a high credit score (over 800), follow these steps:

  1. Have Different Types of Accounts: Keep a mix of credit cards, a car loan, and maybe a home loan. This shows you can handle different kinds of debt.
  2. Keep Your Balances Low: Try to use less than 2% of your total credit limit on your credit cards. This shows you’re not relying too much on borrowed money.
  3. Pay On Time: Make sure you haven’t missed any payments in the last 10 years. Paying bills when they’re due shows you’re reliable.
  4. Limit New Credit Applications: Avoid applying for new credit too often, especially in the past year. Lenders might think you’re taking on too much debt.
  5. Have Old Accounts: Keep at least one credit account that’s been open for 10 years or more. Having a long credit history can boost your score.

By doing these things, you’ll likely have a credit score above 800, which is seen as very good. It shows you manage your money well and lenders can trust you to pay back what you owe.

700s? That’s a fantastic credit score! While time builds history, there are ways to optimize it further. Focus on using less than 30% of your credit card limits and make on-time payments - these are key! If you want to explore further after mastering those, a Credit Builder Loan could be an option, but be sure to compare rates and fees first.