What kind of loan can I get with a 800 credit score?
Type of Credit Do You Qualify?
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Best Mortgage Rate YES
Auto Loan with 0% Intro Rate YES
Lowest Auto Insurance Premium YES
Is 793 A high credit score?
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 793 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.
Can you get a mortgage with 793 credit score?
A 793 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.
What is an acceptable credit rating?
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent. That means the credit scores they accept may vary depending on that criteria.
What is the average credit score?
The average credit score in the United States is 698, based on VantageScore® data from February 2021. It's a myth that you only have one credit score. In fact, you have many credit scores. It's a good idea to check your credit scores regularly.
How common is a credit score over 800?
Only about 1 in 6 American consumers has a FICO credit score of 800 or higher. A FICO score in the mid-700s is generally considered good enough for the best rates and terms from lenders, but those with 800+ scores do have some things in common. Obviously, they don't miss payments.
What percentage of the population has a credit score over 820?
What percentage of the population has a credit score over 840?
Your 840 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
How rare is an 800 credit score?
Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data. And since so few people have such high scores, lenders don't split the 800+ credit score crowd into smaller groups that get separate offers.
What percent of the population has a credit score over 800?
Percent of Americans Who Have a Credit Score of 800 or Higher. Another report from The Ascent reveals that only 22 percent of Americans have a credit score of 800 or greater7.