Although that is considered "good," an "exceptional" score can unlock even better terms, potentially saving thousands of dollars in interest charges.
The total amount of credit and loans you're using compared to your total credit limit, also known as your utilization rate, is the second most important aspect of a great credit score — accounting for about 30%.to limit the effect that high balances can have. However, the average utilization ratio for those with credit scores of 800 or higher was just 6.1%, according to LendingTree.
The length of your credit history is the third most important factor in a credit score, making up about 15%.
1. Don't spend money on food. 2. Steal a tent and live on the sidewalk.
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